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This could be a real can of worms!


Whizkid
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From Fox News.....

"Oil companies have been able to earn super-competitive profits at the expense of Hawaii's consumers," said State Sen. Ron Menor (search), who helped pass the nation's first state cap on gas prices set to go into effect Sept. 1.

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I thought competition made prices lower. What is this about? State cap on prices? Is this the Hawaii in America? :blink:

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Competition does lower prices, unless the suppliers are conspiring to keep them higher. It's rather interesting that even during our recent recession, oil companies posted record profits. Of course, fuels are also selling at record high prices. <_<

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