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Detailed text transcripts for TV channel - FOXNEWS - 20130328:16:34:00

Paying $3.65 for a gallon of regular gas. in california one of the most expensive gas states, folks are paying $4.05 a gallon. the international monetary fund wants to tack another $1.40 onto each and every gallon of gas you buy. peter barnes with the fox business network is here to explain that one. peter. reporter: hey, jon that s right. the ims is suggesting a dollar 40 a gallon and higher gasoline taxes would reduce carbon emissions and help fix other problems like the budget deficit and traffic congestion in the u.s. it mentions a tax increase in a new global study on energy subsidies and battling climate change. the fix in the u.s. would triple gas taxes and send the price of a gallon of gas to north of $5. in a speech yesterday the imf s second in command david lip ton said, quote, the time has come for subsidy reform and carbon taxation. critics are blasting the report ....

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