The gas cap could have worked if the government wouldn't have been so lenient on the oil companies. I would have instilled a PROFIT cap of 4%. This could have brought prices down to roughly $2.20. But perhaps those poor, needy, helpless oil companies wouldn't have been able to pay their executives $400 million bonuses then.
Also, this piqued my interest:
"It was a failure, and other experts that have looked at it have said the same thing," said Anita Mangels, a spokeswoman for the Western States Petroleum Association, which represents ChevronTexaco and Shell Oil. "It was well-intended, but apparently according to the state's own agency has not served consumers well."
I'm sure not many here have heard of Anita Mangels before. This was that scuzzy ***** who ran an anti-EV front group called "Californians Against Hidden Taxes". It was a faux grassroots operation with the specified intent of getting the California ZEV mandate repealed. It was funded entirely by the Western States Petroleum Association that she works for!
Sacramento News & Reviews, “Electric Smoke Screen”, by Nick Budnick, 7/6/1995, Page 19, –“You might have thought grass-roots political campaigns were supposed to spring up from the concerned masses. Not anymore. The rise of these so-called "AstroTurf" groups--cultivated by public relations firms using money, misinformation and phone banks--has been well-documented. Industry's attempt to kill the EV mandate using such groups was reported at least as far back as April 1994 by the Los Angeles Times and San Francisco's legal newspaper, the Recorder. One such group, electric car advocates say, is Californians Against Hidden Taxes, headed by Anita Mangels of Laguna. To turn out opponents for the June 28 Air Resources Board workshop, the group sent out a mailer beforehand (asking for help to stop "this bureacratic boondoggle!!!"), offering transportation by luxury bus, two meals and refreshments--all free. Mangels, who formerly was active in fighting Proposition 185, the gasoline sales tax initiative, is up front about where her paycheck comes from: the oil companies' lobbying group, Western States Petroleum Association. "I believe most, if not all of our funding comes from WSPA--that's no secret," she said. "We may get all our funding from one source, but we do have a broad-based coalition of groups of people across the state of California that think this [mandate] is a bad idea.”