The AP reports that Hawaii is setting caps on the wholesale price of of gasoline.

  Big Oil officials and "analysts" say that Hawaii's attempt at halting price gouging will cause the island state to become less attractive to suppliers, raising the possibility of supply problems down the road.

Another  energy "expert" weighed in with: "It may make one of the refineries shut down and leave Hawaii" .

Threats?

 The idea was crafted using market-related pricing mechanisms, so it's not a "Socialist conspiracy" that it will inevitably be labeled by the radical right.

State Sen. Ron Menor, the chief architect of the law, sums it up, like regular people everywhere who are getting beat-up by high pump prices would: Give it a chance.

What do we have to lose?