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Little. if you have a declaration we will refine more and produce more oil domestically that in the intermediate term, a month or so could start to offer some relief at the pump. maybe. heather: could being the big word there. >> could. heather: thank you very much, stuart varney, thank you. bill: how does this rather impact you? about a year ago your typical american family spent an estimated $4150 on gas. that is up $800 from the year prior. families spent about 7% of their income on gas in 2011. in 2009 the average price of a gasoline was a buck 9 of. -- 1.96. today, $3.52 a gallon. that is...

They are starting to -- you see agitation in ahmadinejad's announcement. >> eric: why is gallon of gasoline $3.52 today? >> dana: you are the expert. there are a lot of reasons but partly because people are nervous. >> eric: sanctions aren't working. switch to nuclear enrichment plans. >> bob: of course. the way they're working is not selling the oil. stabilization in the economy. they have had a terrible situation. it's starting to crack apart. you know what? >> greg: geithner and krugman, worse tan any sanctions. the economy would crumble. >> i'm trying to figure out what is working. if that...

In some sort of price manipulation and he said he would do this to oil companies. >> i'll make oil companies like exxon pay a tax on their windfall profits and we'll use the money to help families pay for the skyrocketing energy costs and other bills. >> ok. that's when he was a senator! now he's the president. he could probably do all that other stuff he was talking about -- about back then. nothing. >> can i point something out? for every penny per gallon on the pump, a billion dollars comes out of americans' ability to spend so a $1.83 when they started. $3 $3.52 now. that's $170 billion of...

Campaign for power grab. the underwear bomber got life without parole today. farouk abdulmutallab had pleaded guilty to all charges on the second day of his trial last fall. the attempt to detonate explosives on hi body misfired on christmas day of 2009. this is an facebook simulation of what would have happened -- f.b.i. simulation of what would have happened if he had been successful price of gasoline went up a penny. national average is $3.52 a gallon. while those prices are going up, one plan to bring more oil to the u.s. continues to be a political hot potato. we have the latest on th...

They got her out. yes, they did give her a stuffed bunny for her troubles and i'd be willing to guess she's not going to do that again. >> i bet you're right. >> those are your headlines, people. >> no kidding. have you noticed how in the mainstream media, everybody seems to be talking about hey, the economy is turning around. it's really good news for barack obama. there is one gigantic fly in the ointment, though. when barack obama became the president of the united states, the average price of regular in this country was $1.83. we showed some video that showed in some spots gas is $4.59 a g...