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Retail inflation eases to 5 59% in July; industrial output grows 13 6% in June

Detailed text transcripts for TV channel - FOXNEWS - 20120220:00:32:00

for a while. gas prices out of control lately. the latest government numbers telling us what we already know. drill down on the retail inflation numbers out last friday, and you discovered gas up 9/10 percent in one month alone. and prices at their highest level ever this time of year. and all the more surprising because the winter has been a warm one for many places in the u.s. and, but just look at oil, and see that gas is getting pushed and on the supply and demand side. iran and the mideast, hitting on supplies, and iran s threats and tensions over potential retaliations over weapons there, and the supply will be choked off. end of tkeystone pipeline kutti off supply in the u.s. and demand, too, has added to pain at the pumps, a cold snap in europe and increased usage in some countries such as china

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