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Calif. takes aim at gas price gougers. Here's why it's hard. - Governors' Wind Energy Coalition

Calif. takes aim at gas price gougers. Here's why it's hard.

State officials are setting up a new law that will monitor oil refiners for excessive profit-making and could impose penalties for price gouging.

Hawaii tax collections turned red in April

State tax revenue appears headed for a small drop this fiscal year after a serious tumble in April, reversing prior expectations for growth.

The state Council on Revenues has more than doubled its forecast for Hawaiʻi's general fund tax revenue for this fiscal year. The council now expects that revenue to increase by 15% for the fiscal year ending in June that’s up from its September forecast, where it predicted 6.3% growth.

Hawaii residents feel the burden as pent-up demand drives up prices

Hawaii residents feel the burden of rising prices as pent-up demand drives up costs Samie Solina © Provided by Honolulu KHNL A 76 gas station in Honolulu is selling gas for $4.03 a gallon. HONOLULU (HawaiiNewsNow) - The cost of US consumer goods shot up 5.4% in the past year the highest its been since 2008, according to the Labor Department. Popular Searches Still, pent-up demand is driving prices up quickly. “The pandemic has disrupted production and distribution, what we call supply chains,” said Paul Brewbaker, an economist with TZ Economics. “That has caused prices to rise where demand exceeds supply in order to clear the markets and signal to producers to make more for which there are shortages.”