Detailed text transcripts for TV channel - FOXNEWS - 20110511:17:06:00
Head, refinery row. these are refineries that produce 2.5 million barrels a day. two point five million. that's 13 percent of the nation's total output. and because those refineries are threatened, the people who trade fuel are betting that prices will rise. so the future prices just yesterday rose 6.1% to 3.38 per gallon. but look at this, futures lagged behind the retail market by 65 cents. add those two numbers together and bingo, you're looking at 4.03 a gallon, the first time we've been over $4 in three years. it could happen sometime in the next few days. this is bad news. the flood wate...
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