Blumenthal calls for investigation into rising gas prices

State Sen. Richard Blumenthal is calling for a grand jury investigation into rising gas prices and possible wrongdoing by industry speculators today.The former Connecticut attorney

CONNECTICUT - State Sen. Richard Blumenthal is calling for a grand jury investigation into rising gas prices and possible wrongdoing by industry speculators today.

The former Connecticut attorney general commended President Obama's formation of a task force on the issue, but said he feels that even stronger measures are needed.

Blumenthal says the current task force will only be monitoring the situation. He wants the Justice Department to take the lead and dig into potential fraud and manipulation.

Blumenthal says, "We need to have an investigation by the Department of Justice that determines whether there has been illegal activity, [and] hold accountable the speculators who drive those prices up, and make sure we can afford the prices at the pump."

He continues that industry analysts blame the high gas prices on global demand, a weak dollar and turmoil in the Middle East. However, he wants to find out what role, if any, is played by illegal activities.

advertisement | advertise on News 12

Trending Video

Police say the driver hit a utility pole 1 Car hits pole, rolls over on Fairfield Avenue
Team of the Week: St. Joseph High School 2 Team of the Week: St. Joseph High School football
Police say the driver came very close to 3 Driver crashes into a pallet of wood in Norwalk
VIDEO: Bridgeport landlord sentencing 4 VIDEO: Bridgeport landlord sentencing
The Regal Stratford Stadium 14 has closed its 5 Stratford movie theater closes

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE