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well for one, in my opinion, the fair market value of land is negotiated by two independant persons(in most occasions), and the supply of land in hawaii is extremely limited unlike other parts of the continental US where there are parts that have a vast supply of land. while gasoline can have a limited supply, there are unscrupulos folks out there that may desire to gouge an area like the hawaiian islands and force them to pay twice the wholesale price for gasoline, which is what this price control is aiming at preventing. is it right? who knows, is it fair, I think so. And I think it was said earlier here that this is just a wholesale control, not a retail control, so the stations can still freely mark up as they see fit to maintain a profit in accordance with their business plan.
It sounds, in all fairness, that the state of Hawaii is forcibly negotiating buying prices for importation for all the players, based on an average wholesale price at various locations in the continental US, more then outright controlling the prices at the pump.
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