Posted at 1:10 p.m., Tuesday, March 7, 2006
BUSINESS BRIEFS
Wholesale gas cap could rise by 12 cents
Advertiser Staff and News Services
The wholesale price of regular gasoline in Honolulu could rise about 12 cents to $2.01 a gallon next week, according to Advertiser calculations. That price excludes taxes and a dealer markup.The state sets a cap on the price that wholesalers can charge for gasoline, but retail prices are unregulated. The cap is adjusted weekly. The Public Utilities Commission tomorrow will announce the official wholesale cap for next week.
State to sell $350 million of bonds this week
The state of Hawai'i plans to sell $350 million of general obligation bonds this week.
Citigroup Inc. was hired to lead a group of banks managing the sale, arranging terms and fees. In advance of the sale, Hawai'i had its credit rating on $4.1 billion of outstanding bonds raised to the third-highest rank by Fitch Ratings.
