Gas Cap Dips to New Low

HONOLULU (AP) -

Expect gas prices to drop even lower next week.
Hawaii's gas cap for next week is more than a dollar lower than it was two months ago.
The state Public Utilities Commission set the cap on the wholesale price of a gallon of unleaded gasoline at three cents lower than this week's cap.
That means starting Monday, Oahu wholesalers can't charge more than $1.85 for a gallon of unleaded.
That's down from a $1.88 this week.
It's also a $1.02 lower than the record high set for the third week of the cap's implementation, when the price cap for Oahu $2.87.
Prices at the pump are higher once taxes and retail markup are added, and they tend to vary around the islands.
Once again, next week's cap will be the lowest since the state began limiting the wholesale price of gasoline on September 1st.
Prices for the other seven zones around the state include Hilo, where the cap on wholesale unleaded was set at $2.00 a gallon, and Kona, where it's two cents more at $2.02.
On Kauai and on Maui -- except for Hana -- the cap was set at $1.99.