Detailed text transcripts for TV channel - FOXNEWS - 20120703:13:04:00
Narrow channel in the world when it comes to the passage of oil. gregg: the threats of closing it ending a recent slide of gasoline prices. the average has been dropping in recent weeks. no doubt you noticed that. the national average though now at $3.33. that is five cents more than at the start of the year. stuart varney the anchor of "varney & company" on the fox buness network. stu, talk to us about the dynamic of the escalating tensions in the strait of hormuz and that region of the world and what we're paying here at the home at the pumps. >> there is a direct link. what happens over the...
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