Detailed text transcripts for TV channel - KGO - 20120207:11

Detailed text transcripts for TV channel - KGO - 20120207:11:34:00

leading up to spring and memorial day and all of that, that oh, $5 a gallon and all this. and it's not really come to pass just yet, at least not in the magnitude that some media reports would suggest. so it really all would just kind of depend where the situation with iran goes and the strait of hormuz and whether the situation goes really volatile there, whether gas here shoots up. so don't panic just yet, in other words. >> you don't drive a car. i drive a big old tank. >> you do in new york. i don't know how you do it. good luck to you. >> a big old hoop-dy minivan. >> i'll be on the subway. >> when you babysit for the kids, i'll let you drive around the city. >> sure. i'll get right on that. in about a year. more news this morning. there are new tensions with iran right now, speaking of such. president obama, though, has imposed some new sanctions against iranian banks. in tehran pro-government demonstrators called for an immediate halt to exports of oil to the west. again, back to those gas prices. israel, meanwhile, is threatening a military strike against iran's nuclear facilities, but the u.s. wants israel to simply give the sanctions by america a little more time to work.

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