Nope raise prices at the pump. I will gladly pay myself. Till I go electric. A reasonable increase in electricity or tax, I wouldn't be off the table. Though I figure if we stop oil subsidies a tax increase isnt necessary. We be saving many billions.
What else would you pay more for if oil prices increase?
Electricity (you mentioned)
Food
Retail goods
Cars
Taxes (Gov't has to pay for all this stuff, too)
Drugs
Services
Basically, everything you buy involves oil products to produce/provide or ship them to you.
Trucking/shipping/air carrier costs get passed onto the customers. As an island state, we are locked into shipping and air for good from producers, and trucking or barges for distributing those goods. Are barges going to be forced to use sails? Will Matson container trucks convert to electric?
The cost of fossil fuels to generate electricity in Hawaii will rise. The use of oil for electricity will NOT go away soon (decades), no matter how many green projects are started.
Every business that pays an electric bill or needs gas to operate will raise YOUR prices.
So, not only will your DIRECT costs for electricity and fuel go up, but so will that cost you pay INDIRECTLY as all businesses must increase prices.
That's a minor lesson in how inflation works. Go read about the 1970s and the gas shortage, where we experienced double-digit inflation, lines of cars waiting for gas, and 20%+ interest for consumer loans -- cars, motorcycles, mortgages, ...
But, HEY! As long as YOU are willing to pay a "little more," so should everyone, right?