Detailed text transcripts for TV channel - FOXNEWS - 20150101:17:23:00
>> you might not get much of a raise at work but for many people, lower gas prices are acting as a substitute for a bigger pay check. take a look at the difference one year makes. today the average price per gallon of gas, $2.24. last year new year's day it was $3.29 but the question comes, should you be preparing for a rainy day when gas prices starting to up again? joining us now, steve moore, chief economist for the heritage foundation. so new year 2015, a lot of folks would say that the economy is exploding and traditionally as the economy gets better gas prices, oil prices go up. we saw t...