speculators manipulate the market by buying up large amounts of oil, then driving up prices in order to flip it for a profit. gas prices have been going up, and mr. obama said speculators are partly to blame. some analysts believe we may have seen their peak. for the second week in a roerks prices have dropped, down 2 cents. the $52 million legislatesive plan the president unveiled would boost federal oversight of energy mark etss and would implement a tenfold increase in the penalties for market manipulation from $1 million to $10 million. but even as he pointed the finger, the president didn t point out any specific examples of this type of illegal activity. i haven t seen anything specific to say that the energy markets are being manipulated. reporter: republicans dismissed the president s proposal as gas price theater. the president has all the tools available to him if he believes that the oil market is being manipulate. reporter: this announcement is the latest
where some speculators can reap millions while millions of american families get the short end of the stick. that s not the way the market should work. reporter: the president said speculators manipulate the market by buying up large amounts of oil, then driving up prices in order to flip it for a profit. gas prices have been going up, and mr. obama said speculators are partly to blame. some analysts believe we may have seen their peak. for the second week in a roerks prices have dropped, down 2 cents. the $52 million legislatesive plan the president unveiled would boost federal oversight of energy mark etss and would implement a tenfold increase in the penalties for market manipulation from $1 million to $10 million. but even as he pointed the finger, the president didn t point out any specific examples of this type of illegal activity. i haven t seen anything specific to say that the energy markets are being manipulated. reporter: republicans dismissed the president s
shooting incident at a congressman s office in houston. gunshots rang out yesterday morning damaging windows and shattering an entire pane of glass in the office of d docrat gene green. police don t believe the congressman was the intended target. green was not in the building at the time and he says he does not feel threatened. witnesses say it was like a scene out of the movie fight club. florida man set up a fight between his son and another young man so he could make sure it was a fair fight. it all went horribly wrong, ending with that man in custody. wftv s kevin oliver has details and we warn you some of this video is pretty violent. reporter: it was like a scene from the movie fight club except this was no movie and it now 35-year-old gary johnson jr. is looking at prison time for this beating of a 16-year-old half his size. lice say johnson in the white tank top had just refereed a street fight.
and stay out of the water. linsey davis, abc news, wilmington, vermont. please just stay out of the water. they ask people that, seems every storm somebody says, it will be okay, they go out and don t ever come home. it s bad enough too risk you own life, you re risking the lives of rescuers. service on amtrak between philly and boston will be restored today. that s impacted tens of thousands of people. today hopefully a smooth sailing. philly to lots of points north, big delays. slowly back to normal. take a look at your wednesday forecast now. a stormy day in bismarck, fargo, and sioux falls. windy with downpours around minneapolis, chicago, detroit, des moines, st. louou and cleveland. showers in the desert southwest and montana. heavy rains in south florida. 80s along most of the east coast. 79 in the twin cities. 92 in kansas city. 102 in dallas. just 666n seattle. 80 in boise. just shy of 100 in colorado springs. all right, switching gears now, imagine t
swept away by floodwaters when he responded to a report of a submerged vehicle. for the sake of the rescuers and your own safety, officials say to follow the rules, stay safe and stay out of the water. linsey davis, abc news, wilmington, vermont. please just stay out of the water. they ask people that, seems every storm somebody says, it will be okay, they go out and don t ever come home. it s bad enough too risk you own life, you re risking the lives of rescuers. service on amtrak between philly and boston will be restored today. that s impacted tens of thousands of people. today hopefully a smooth sailing. philly to lots of points north, big delays. slowly back to normal. take a look at your wednesday forecast now. a stormy day in bismarck, fargo, and sioux falls. windy with downpours around minneapolis, chicago, detroit, des moines, st. louou and cleveland. showers in the desert southwest and montana. heavy rains in south florida. 80s along most of the east c