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Detailed text transcripts for TV channel - FOXNEWS - 20120323:13:05:00

Big stretch. the articles appeared this morning in chicago and los angeles saying the global economy is strong, therefore demand for oil is up, therefore gas prices are going up. as i say that s a stretch because china is slowing down. europe is flat-out in recession and american is only growing 2%. so to try fry to say the strong global economy is reason for higher gas prices in america is a stretch and frankly an element of political spin here, trying to excuse ruinous gas prices for basically political reasons. in los angeles by the way, regular is averaging 4.37. in chicago, it is 4.63. california and illinois join the states which are now above $4 a gallon. that is ruin news for the economy of those states. i don t think it can be explained that the global economy is strong. martha: you can get it under ....

Gas Prices , Big Stretch , Los Angeles , 44 37 , 4 63 California , 744 63 ,