Detailed text transcripts for TV channel - FOXNEWS - 20121023:19:31:00
Sanctions. back to gerri willis from the fox business network of the talk about what everyone else is talking about, what this could do to oil prices. >>gerri: it is not affecting oil prices. they are not going up but going down. iran is only 5 percent of global output and the big problem is that there is not enough supply, there is not enough demand. that is the big issue. crude oil prices are down $2.30, down for the 4th straight day in a row. this is a big move. oil per barrel at $86. >>trace: i paid $4.85 for a gallon this morning. is this good news for gas prices? >>gerri: they are down 1...