Katrina’s Effect on Hawaii’s First-in-the-Nation State Gas Cap, Set to Go Into Effect Sept. 1-Shoots from the Grassroot Institute of Hawaii – Aug. 31, 2005

article top

It is rather ironic. Thanks to Hurricane Katrina, which over the weekend, decimated several parts of the South, including Louisiana, Mississippi and Alabama, there is going to be no objective way to determine what effect the gas caps will have on the market here in Hawaii.

The Hawaii first-in-the-nation state gas cap, set to go into effect Sept. 1, 2005, is tied to three price points on the U.S. Mainland, including the Gulf Coast, where the hurricane hit. The U.S. market is going to be so volatile due to the supply interruptions and that — in addition to the cap on the market