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Detailed text transcripts for TV channel - FOXNEWS - 20110507:15:16:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20110507:15:16:00

Summer, prices are tight. but demand is dropping and americans are fed up with high gas prices and they are cutting back with seeing that reflected in the u.s. imports. >> it is reformulation good for lower emissions how come it is not enforced all year round and not only in the summer. it is too costly and we could decide? >> it is will prices actually spike this summer. i don't think they will. i think americans are cutting back. >> who is going to buy dinner for whom? >> go ahead. and every 10 cent hike in gas prices vehicle miles driven fall zero.1 percent . so the notion that higher gas...

Detailed text transcripts for TV channel - FOXNEWS - 20110507:15:12:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20110507:15:12:00

The president declared a state of emergency. i will see you again at 1:00 p.m. eastern. i am jamie colby, thanks for keeping it on fox. ♪ >> you think that gasoline is high? just wait for the summer time. that's when the epa requires the reformulated gas in order to reduce car emissions and it will drive gas prices higher than they are now. even if oil prices trend lower and mike, you say that is why we should scrap the epa rule for good. >> the epa should be abolished. they will drive it 30 or 40 cents higher for the two additives. nteb and ethanoyl. it causes it to go higher. >> you saw th...