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On "studio b." all first from fox at 3:00 in new york city, amid political pressure over high gas prices, president obama has announce add plan to crackdown on manipulation in the oil market. the move increases government oversite and up penalties on wall street speculator whose artificially drive up the price. >> we cannot afford a situation where speculators artificially manipulate markets by buying up oil, creating the perception of a shortage can driving prices higher and then flip the oil for a quick profit. >>shepard: he says there is in quick fix for the gas prices. it has been a hot to...

For democrats but once they get married and particularly when they get married and have children, they become republicans and i have to wonder if there's a little bit of a vested interest democrats have in promoting single motherhood. >> one of the things around this country certainly concerned about is the price they're paying at the grocery store and that impacted, of course, by the price of gas and the price of a gallon over $3.90 actually today per gallon. so elizabeth esther, is this something women in this country are concerned about, one, obviously but will they take this to the polls? ...

Acknowledge three years is a long time. >> three years is a really long time. >> one would reasonably think they would have an idea by now. >> do it or leave it alone. that's my take to know that. not trying to get in the way of the law, john. >> we'll see what happens. we'll keep following that. >> we'll talk about gas prices dropping. fueling predictions we may have hit our peak for the summer driving season but the energy department says prices will climb 6% compared to last year. the national average is $3.90. that's up 8 cents from a month ago. michael see see seymour, good to see you. >>...

Average price 3.90 a gallon.

From here? in our next hour, our legal panel will weigh in on that. gregg: a glimmer of hope at the pump this week. gas prices trickling down a bit. dropping for seven straight days the national average for a regular gallon is now at $3.90 but it is not all good news. unfortunately the recent spike in prices actually softened the economy. stuart varney, anchor of "varney & company" on the fox business network joins us. it always has a long-lasting ripple effect. not just consumers paying at pump but you have inflation for consumer goods because of all the inflations costs right? >> gregg, this...