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Does the gas cap guarantee lower prices at the pump?

April 26, 2017cap Gas guarantee lower prices pump

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Does the gas cap guarantee lower prices at the pump?

1 Answer

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No. the gas cap does not guarantee lower prices at the pump, only that Hawaii wholesale prices will be tied to average wholesale prices in three U.S. markets. Gas stations are allowed to charge customers a total retail price for gasoline that covers the wholesale cap plus their existing retail margin, which typically has been about 12 cents/gallon above wholesale prices.