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Detailed text transcripts for TV channel - FOXNEWS - 20120223:14:07:00

White house. according to aaa, drivers are paying a average of $3.61 for a lal lon of unleaded fuel. three cents pop overnight than it was wednesday. stuart varney joins me. the anchor of varney & company on the fox business network. stuart, this was not a part of the huge discussion last night interestingly enough, but continues to be a big story. not a single question on the gas price run-up, in fact we re in middle of rapid surge phase at the gas price run-up. huge detail there, 3.61 is the national average up just three cents overnight. look at california for a second. here is what a surge is all about. 4.14 for regular there, up seven cents just overnight. look at cincinnati, pick some individual cities, cincinnati the price of regular has gone up 27 cents in one week. in los angeles it is up 24 cents in one week. right now we re on track to beat the previous record year, 2008, very, very ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120223:14:08:00

Easily. 14% ahead of the pace in 2008. this is a surge, martha. martha: well, you think of the $40 that the white house put back in people s pockets the way they put it with the payroll tax cut. you wonder how much gets quickly sucked into gas prices as they re rising. we have a poll we want to take a look at looks at the question of the president s actions to address gas prices and 58% say they disapprove what the administration has done so far to help lower these prices. you think of keystone. you think of all the different options that have been on the table and folks according to this are not impressed so far. well the money that, the payroll tax holiday extension put into people s pockets, half of it has already been clawed back by the gas price run-up. we really are in the surge phase right now. going up rapidly. and oil, priced today at $106 a barrel. that oil price, not yet factored into the gas price. that is why we re going up ....

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