March 28, 2012 | last updated June 1, 2012 1:31 pm

CT Democrats propose gas price measures

Democrats in the state legislature say they will be introducing measures aimed at lowering gas prices and protecting consumers from profiteering and price gouging by oil wholesalers, The Associated Press reports.

Senate President Pro Tem Donald Williams and House Speaker Christopher Donovan say they'll be introducing the proposals on Wednesday and a vote is planned. They didn't say how much they think gas prices will drop if the legislation passes.

The proposals include capping the gross receipts tax on fuels when prices hit $3 a gallon, petroleum market scrutiny by state energy and consumer protection officials and strengthening laws against price gouging and profiteering.

One measure would trigger price gouging investigations when wholesale prices increase by 15 percent or more within 90 days.

Republicans also have a plan to cap the gross receipts tax.

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