Didn't Hawaii put a cap on gas prices? Can't there be a federa cap on gas prices?
Idiotic idea. This would just guarantee that there would be serious shortages. Suppose you're a gas producer and your production costs are $2/gal and the fedgov puts a cap on it at $2.50; however, China pays $3.00 what will you do? Sell to China of course.
Hawaii put a cap on gas prices. And for some reason, when the gas prices in the rest of the country came down, the prices in Hawaii stayed right near the cap. Funny how laws have unintended consequences, huh?