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Hawaii sets caps on wholesale gas prices

August 25, 2005
Price controls have a decent shot of working this time, so we're told, because the central planners have based the caps on an index of five-day averages of spot rates in three mainland markets (L.A., N.Y., and Gulf Coast). That should do the trick. These guys are so clever. I wonder why the market never thought of this? (Wink, wink).

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