Hawaii steps up as first state to enact Gas Price Cap

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  • MrJackMeHoff
    Confirmed User
    • Mar 2004
    • 4569
    #1

    Hawaii steps up as first state to enact Gas Price Cap

    See it can happen.. Why not more states?

    Gas Cap Story
    Tags: None
    • BoNgHiTtA
      Confirmed User
      • May 2003
      • 2176
      #2
      Because thats a dumb idea. Why? Learn simple economics.

      If you cap gas prices, at some point gas will become to expensive to produce to sell in a certain area. Then what happens, the gas companies stop selling in that area. Sorry, but if it costs 2 dollars to make and ship gas to somewhere, and you cap it at 1.50, well no one will sell it there.

      Gas prices SHOULD keep going higher. I know it sucks, but when gas prices get high it allows other industries to create alternative fuels/technologies. Basic supply and demand.

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        • MrJackMeHoff
          Confirmed User
          • Mar 2004
          • 4569
          #3
          Originally posted by BoNgHiTtA
          Because thats a dumb idea. Why? Learn simple economics.

          If you cap gas prices, at some point gas will become to expensive to produce to sell in a certain area. Then what happens, the gas companies stop selling in that area. Sorry, but if it costs 2 dollars to make and ship gas to somewhere, and you cap it at 1.50, well no one will sell it there.

          Gas prices SHOULD keep going higher. I know it sucks, but when gas prices get high it allows other industries to create alternative fuels/technologies. Basic supply and demand.
          Thats retarded and doesnt work because gas prices arent higher because they need to be or Mobil and Exxon etc wouldnt be posting record earnings now would they? You have to curtail it before it gets out of hand and make adjustments as you go.

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