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Detailed text transcripts for TV channel - FOXNEWS - 20120307:23:00:00 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.
No. well it is. in a high-risk area, there s a 1-in-4 chance homes like us will flood. i m glad i got flood insurance. fred, you should look into it. i m a risk-taker. [ female announcer ] only flood insurance covers floods. visit floodsmart.gov/risk to learn your risk. jenna: we have this fox news business alert. gas prices inching closer to $4 a gallon. we ll look at national average. $3.76 a gallon. down a little bit from yesterday but high for this time of year. last april the president created a task force to examine the role speculators play in gas and oil prices. now the president want that task force to meet one more time. rich edson is live from washington with more. hi, rich. reporter: good afternoon, jenna. the administration created that task force about a year ago. it involves several federal agencies. has reportedly only met a ....
Administration does not want higher gas prices. the national average right now $3.76. here s the president. your critics will say on capitol hill that you want gas prices to go higher because you have said before that that will wean the american people off fossil fuels on to renewable fuels, how do you respond to that? from a political perspective, do you think the president during a re-election who wants gas prices to go higher? anybody here thinks that makes a lot of sense? did you notice the president said politically, that s an interesting use. doesn t mean it s their strategy. remember, we have heard the secretary of energy, mr. chu, say in the past that he would like prices here in the united states to be up like where they are in europe. and as recently as last week when asked by a member of congress, sir, you want gas prices to go down, don t you? and he said no. that s not really our intent. what we d like to do is get ....
We need to invest in the technology to help us use less oil in the cars and trucks, in the buildings, factories. that is the only solution to the challenge, because as we start using less, that lowers the demand. prices come down. the both boasts domestic drilling is up and neglects to mention increase is due to production and state owned land where federal regulators have little or no power to block drilling. president obama in north carolina talking gas prices saying we as a country are not going to drill our way out of the problem of the high gas prices. look where they were when he took office where they were now at $3.76 a gallon. the president say tag supply is not the answer. we must lower demand investing ....
$104.70 a barrel. cost of gasoline went down slightly overnight. the national average dropped a half penny and stands at $3.76 a gallon. president obama said today no president running for re-election wants high gasoline prices. but chief national correspondent jim angle reports that has not always been the case for this president or his administration. though the president started his term with a broad effort to raise prices on fossil fuels today he rejected any suggestion he favors higher fuel prices. do you think the president of the united states going in re-election wants gas prices to go higher? is therenybodyere who thinks that makes a lot of sense? when the president took office, though, his policies were different. he vowed to transform the entire energy sector trying unsuccessfully to impose cap-and-trade system under which he said electricity rates would necessarily skyrocket. steven chu later, to become energy secretary told the ....