what's behind this latest spike at the pump. what's behind this latest spike at the pump. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on for two whole years. from at&t. call to get u-verse tv starting at just $19 a month with our triple-play bundle. get the same great price for two years. plus now two times the internet speed than before. [ female announcer ] switch today and get a total home dvr included for life. [ male announcer ] you get reliable high-speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse tv, you can record four shows at once on yo

that's when we'll see the real spike. if interest rates go up to 2.25% because people are taking money out of equities and the economy is growing a little bit better, that's fine. it's when we start to see incremental tightening at the fed. >> we need some qe from the private sector. >> tightening from the fed? >> good luck on that. >> not getting it though, jeff. >> well, i know. >> they believe in what they are doing, and it hasn't helped the economy. >> we know we have somebody holding our hand so there's no point in doing it. until they step out of the way, there's nothing to trigger those animal spirits. >> great conversation. appreciate it. see you soon. >> meanwhile, legendary investor jim rogers is, now short a certain investment. we'll find out what that is, his take on the stock market and the current levels and a lot more. good toy see you, jim. >> in town from singapore. >> i am. >> i have a new book coming out this week. >> and we'll talk about this. >> and an activist investor takes aim at apple's reserve. w

he wants to tell me why gas is spiking? >> there are a lot of reasons gas is spiking.es are going up. there is clearly demand. you say not demand, but i think there is. the whole global economy is starting to get better, so i'm seeing upward pressure on that. anytime traders see good news, 14,000 on the dow. they are seeing the same thing we are seeing and that is good, the economy will turn around. they are not necessarily making the jump between 14,000 on the dow and 17%. they're not looking at the unemployment numbers. stuart: look, those guys are rallying. what about us? >> absolutely. stuart: you know what i think, i think it is because ben bernanke will print up a storm and the dollar goes down, general trend of the dollar goes down, oil goes up. >> absolutely true, but it is a soup, that is one of the ingredients in the soup, the other is the global economy. a lot goes into that soup. stuart: why don't you tell me and our viewers how to make money. >> you showed the national average of gasoline, we will make some money to this screen right here. on the wholesale

it has spiked about 20 cents since last monday.ng at 96 -- almost $97 a barrel. kelloggs hit all-time high today after beating estimates. kelloggs took a hit for paying a lot of money to its pension plan, but it got an acquisition -- it got a boost, completed the acquisition of pringles. the ratings are in for super bowl xlvii. it was the third most watched tv show in history. beyonce and the rest of destiny child they couldn't beat madonna's halftime show last year. stay right there. the budweiser commercial is next. ♪ stuart: it goes on and it gets better. joining us now is the man who made that ad, his name is mike burn. he's the founding partner of the new york based marketing and ad firm anomaly. congratulations mike. >> thank you very much. stuart: you got to me. >> that's good. stuart: you really did. you know, the slight watering of the eyes there. >> that was the point, yeah. stuart: you were looking to do that. >> yeah. stuart: you wanted that. >> absolutely. stuart: i want you to take us through the creative process. did

it spiked during her performance, the viewership.yonce comes out. it's like 12 minutes of commercial time. keep in mind $3.5 million. now you get 12 minutes to promote what do you. what happens is we hear the music, hear the songs and all of a sudden there's a spike and people going right to the digital uploads. >> and there's going to be quickly an emotional moment which is students from newtown connecticut, are going to be singing. >> it will be amazing in the pregame show when the kids from newtown join jennifer hudson to sing "america the beautiful." if you want to talk about there are those moments that capture our hearts and everyone is silent and you look at the television and you just become quiet and one with everybody and there's this one moment where it's america that will be an america moment. >> it's going to be a very special show. thank you, kevin. >> no, it's going to be something else. >> good to see you. >>> now here's a look at the weather for your weekend. >>> it's the song that always brings people back to the bi

san jose police are reporting a spike in the city's crime rate. new numbers show total crime last year went up 27%. the biggest increases are in property crimes, up more than 27% compared to 2011. also on the rise, homicide which reached a 20 year high. the police say they are working on increasing patrols but experiencing a staffing shortage. >>> the b.a.r.t police identified a suspect in a shooting that left a bistandard dead at the bay field station. he is 18-year-old bennett from oakland. the police say bennett is the prime suspect in the shooting last month that killed 50-year- old kenneth lee seats. the police are looking for bennett's girlfriend, an 18- year-old, pweurbgs e, l, from oakland who was with bennett. >> she also has outstanding no- bail arrest warrants for her arrest. anyone seeing them should call 911 immediately. >> the police say two other suspects in the shootout are in custody on unrelated charges. their names not released. >>> former u.s. representative, jesse jackson, jr. and his wife agreed to plead guilty they misused c

. >>> ahead on "fast money," is the spike on the fear gauge of note to the bulls? get more right after this break. we'll get more right after this revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. how's that for an encore? i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> welcome back, everybody. we do have some breaking news on papa john's. they are saying they are restating their earni

i'm not sure what's spiking it today.he quarter they announced it last year, in the ballpark time frame. not sure why today but generally speaking this is this time one would think about it. >> is there another catalyst you can think of other than div hike or buyback to get the shares going. you're among the analyst community that cut the price. >> yeah. we downgraded the stock in december as well. we're definitely not one of the 50-something bull for the stock at the moment. they are speaking at a competitor conference next week and may be something people are focused on. beyond that, more important ly they need to come up with interesting new products. we anticipate lower end iphone coming in the third quarter and that may be what's necessary, the iphone 5s in the second quarter. >> you're more rm familifamiliae circuit than i am. is it possible you can get an announcement from cook ahead of it because he will likely be asked about it? >> i can't say to be perfectly honest. i have no real sense of that. it's possible to

strips in the street to stop the town car. >> officers laid out spike strips to disable the vehicle. the suspect vehicle drove on the sidewalk and at one point the officer was on the sidewalk that was deployed the strips discharged the firearm fearing for his safety. >> the spike strips were put down. the suspect was arrested after the crash white house incident. others involved in the crash, bystanders, were hurt, but are expected to be okay with nonlife-threatening injuries. live in san francisco for abc7 news. >> thank you. developing news, prosecutors say this morning they will pursue premeditated murder against olympic track store oscar pistorius, the double amputee who ran on blades was formally charged with murdering his girlfriend in south africa. oscar pistorius sobbed as the judge read the murder charge. cameras everyone not allowed inside. yesterday morning, his girlfriend, 30-year-old model, reeva steenkamp, was shot and killed inside his home. early reports were oscar pistorius mistook her for a burglar but police say neighbors her noises before gunshots were fired and t

what caused the spike in the so- called "fear index?" some say late-afternoon news that the sequester was far from being averted. "if you look at it from a politician's view, they tend to have a tin ear for the markets and no idea that what they are saying is causing harm." according to others, another factor for the spike in volatility - early results on italy's election revealing europe's 3rd largest economy would be locked in political stalemate, at least for a while. "i think the italian thing was the tipping point. the rest of it was whether there's going to be a sequester or not." analysts anticipated a rise in volatility ever since the vix was at its relatively sleepy, seven-and-a-half-year low last week. but boy, has it come back. so, should long-term investors be worried about our volatile times, or is it just a lot of noise? "this is causing people to hit stop-loss orders. but for the long-term investor, it really raises questions about our politicians and how they don't know how to manage economic functions well." "if there wa

but you're right, we're not used to seeing oil prices spike this high, this fast.ick what, could be an even more worrisome sign is that although these prices seem so high to us, they've just kept pace with inflation over time. these price now, 3, $4, we consider to be high, this might be the new norm when it comes to gasoline in america. >> rick: that's crazy. the average person can't go and spend 60, 70 bucks to fill up their gas tank once a week or whenever they have to. something's got to give. >> well, we just might see the usage give. oftentimes when we see gas prices go up, consumers respond in not only in buying more fuel efficient cars, but also in driving less. that could be one of the net effects you could see of higher gas prices. it wasn't too long ago when we called $50 a barrel the height, the top for oil. now $100 a barrel being essentially the norm. so this could be a brave new era in the days of 2.50 a gallon could be long gone. >> rick: the ripple effect gets felt all overt economy, right? >> indeed. it's oftentimes considered to be a tax on the e

the officer was not hurt but the spike strips were put down. the suspect was not hit by the officer's gunfire but arrested after the crash without incident. others, bystanders, were injured but everyone amazingly expected to be okay. >> developing news the prosecutors will pursue a premeditated murder charge against track star oscar pistorius, the double amputee who ran on blades in the olympics was charged with murdering his girlfriend in south africa. he sobbed as the judge read the murder charge in court. his girlfriend, 30-year-old reeva steenkamp, was shot and killed inside the olympic and paralympic star's home. early reports suggest that he mistook her for a burglar but neighbors heard argue before the shots were fired and this were previous domestic incidents the scene house. >> in antioch a 14 year old was died after being hit by a car crossing street. it happened at an intersection in antioch at 6:45 last night. the girl was airlifted but it does not appear the drive was drinking or speeding and is cooperating with the investigation.

it's the biggest spike in three decades and it makes the recent spike all the more worrying. the pearsons know what they're not looking for in the family car. >> i don't want an suv, it's too much price -- it's too pricey on gas. >> reporter: they're giving up more space for more miles to the gallon. it's their number one priority. >> close to $4 already, i think by the end of the month, it will be $4. >> reporter: prices often spike in the spring as refineries switch over to a summer blend of gasoline, but this year they're rising well ahead of schedule. in california, where some gas stations are already charging $5 a gallon -- >> i'm at $64, it usually takes me, like, 50 bucks to fill up. >> reporter: drivers are starting to make sacrifices. >> dinners out. movie night. things like that. >> reporter: the big fear is that rising gas prices threaten a fragile economic recovery. >> if we hit $4 a gallon on regular unleaded across the country, that would do a lot of damage. nothing hurts more, more quickly, than rising gasoline prices. >> reporter: the price tracker at gasbuddy

an officer in an unmarked car spotted the stolen vehicle near market and 8th street last night with spike strips put out and the driver went on the card to avoid them and the officer on the car feared for his safety and shot at the suspect but missed him. in san jose there was an apatient murder-suicide. a man shot a woman he was involved to before taking his own life after 4:00 p.m., a house mate heard the shots found the bodies and called police. several people would live at home are now being questioned. the char body found in the burned cabin in the mountains has been identified positively at fugitive ex-cop christopher dorner the suspect in four murders and was cornered in a mountain cabin after a week on the run much the stand off whenned when the cabin went up in flames. a man charged with the murder of vallejo police officer is due in court today to re-enter the pleas. he shot the man during a chase following a bank robbery. the officer was a 19-year veteran. smith has pleaded not guilty to capital murder charges. >> people who turn their guns in at marin county during a gun buy b

police deploy more spike sticks over the next several miles. >> 148. he struck another spike belt.losing his front tires now. >> he has no front tires anymore. he's running on the rims. >> but the driver speeds on. >> we're getting into the city. this guy is not stopping. >> the school bus is now inside the city line. just miles from albuquerque's most congested areas. a state police cruiser attempts to ram the bus off the road with a pit maneuver. but after three miles of vehicle-to-vehicle contact, the cruiser's front end is heavily damaged. hoping a bigger vehicle has a better chance, a police suv takes the lead. the pit maneuver is successful. police immediately surround the bus. inside, the driver revs the engine as if trying to escape. officers respond with a volley of non-lethal beanbag rounds. suddenly a member of the sheriff's office fires real bullets into the bus, striking the suspect three times. >> shots fired. >> immediately, a state police officer is seen shouting at the deputy sheriff. >> get over there! >> the suspect, meanwhile, is pulled from the bus, covered in

in 2010 to 2012 a spooim spike in a total caseload of domestic violence. and the trials have gone up 3 hundred and 50 percent. this is why i want to supplemental with 4 components. we need for funding for domestic violence public awareness campaign and we'll have it here on thursday. and we had is staff position focused on domestic violence. but in spite the recent controversy we need to do more to protect your safety net from our mayor to our sheriff and many of our colleagues. so with that colleagues i appreciate your support and i know there was a request that was to cut back staff and i know that supervisor co-herself has a amendment here - but with that i'd like to ask for your support and thank you very much. i want to start by thanking the members of budget and finance committee four their stamina. i've also passed around a proposed all the time for your consideration that would actually redirect one hundred and $18,000 that was removed from the finance committee. i said the reason that positions were reduced i think those funds are still needed for

the ftc has seen a spike in calls in the last 18 moss.are coming from area codes across the country and they are illegal. the national do not call list seems to be no protection against the robo calls, what can you do? just hang up, even if the company gives you an option of being taken off. they sell your information to the next company who want to know which numbers work. >>> check this out. a speeding driver failed to negotiate a curve, went airborne and land odd the roof of a home. the crash triggered the home owner's alarm system. she thought someone was breaking into the house. >> when we return, could it be a trade for the 49ers? stay with us. >> could be a bold new chapter. they could say audios to alex. they have worked out a deal to reportedly trade alex. it cannot be officially announced until the league's season begins. the niners cannot confirm or deny the report right now. it's believed the trade is with the kansas chiefs. so like many moons ago when the 49ers traded joe montana to kansas city in the early '90s. if it appear

typically prices spike in the spring, but this year that spike is happening way too early. >> what we are seeing this year during the winter month sundays precedented. this is the first time ever that we've seen gas prices this early in the year actually exceed the $3.50 a gallon mark. >> gas trackers say by april, two months away, we could be paying gas over $4 a gallon. >> i hope you can pay ford to get to the ravens -- afford to get to the ravens game. you'll have it pay for success. the newly crowned champs, raves -- baltimore ravens are racing the prices. they sold out every game they played at m&t. >>> it's a business that only those who experience the deepest grief would know about. >> they have experienced not only heartbreak but sticker shock. >> reporter: they called for crime scene cleanup and signed lengthy contracts. after losing someone they loved, many customers had to deal with the threat of losing their homes. tonight at 11, abc2 fumes investigators look into a crime scene cleanup firm. they called after losings two loved -- losing two loved ones. they agreed to the w

just in the the past month, gas has spiked 46 cents a gallon.ny gas goes up, it's like hitting us with a 1.2 billion dollars tax, if that's the case, so far this year, we're on track to take what, 60, 70 billion dollars out of the economy. question, why is this happening? former shell oil president john hofmeister, 10:45 this morning. listen to this, not only has colorado legalized recreational use of marijuana, he wants to use pot as a tourist draw, a tourist attraction, if you're over 21, feel free to smoke up. forget amsterdam, hop a flight to denver and light up a joint. we'll have more on this at the top of the hour, including how this could be a boom for lawyers. and i bet a lot of people will try to bring pot home from colorado not allowed and a defense attorney for you, all right. let's get back home, shall we? and so far, a tranquil america, we are 128 points away from the all time high this is, and up next, we will ask a trader if investors really care about spending cuts, sequester, do they care the at all. the opening bell next. [ ma

. >>> we will tell you what is fueling the spike in gas prices. >>> this is ktvu channel 2 morning news. good morning, thank you for joining us february 18th, i am pam cook. >> let's check weather and traffic, i would like yesterday's weather to stay for a while. >> yes. >> we need rain. >> we do need rain . we will get some tomorrow but not a lot. >> today is that day in between where the low clouds are already pushing inland and temperatures will be on the cool side, here is sal. >>> we will have pretty good traffic today for most commutes and this is a look at 880 southbound, 6:00 let's go back to dave and pam. >>> 6:01 we are starting with developing news, a deadly chase in san jose. one person was killed after crashing a stolen car while trying to flee from police. alex savage is at the crash scene and you have new video of that crash scene, alex? >> yes, they have taken away that suv, it was a stolen suv, the 20-year-old driver was killed in this crash and he was on the run from san jose police late last night with two teenage passengers in the car and it all came to an end here.

he's letting loose about the long delayed keystone pipeline project as gas prices continue to spike higher. this story is getting hotter. you're looking for that interjew view. >> it's a great story. >> the keystone story is real job creation potential. we'll get into it with the ambassador. let's see where we stand. the dow jones industrial average up 97.5 points, as you can see there, just shy of the high of the afternoon. bill just told us it was up 115 earlier. nasdaq composite showing gains today. check it out. we've got a double digit move here as well, shy of the high with a gain of 22 points on naz daxx damage, and the s&p higher by ten points, bill. >> two things to watch. will we finish higher for the week in the dow? we need that 101-point gain for that, and will we finish above 14,000? all things to watch for in today's "closing bell" exchange. let's speak to our guests. michael, what do we make of this week, two different mood swings this week, what's going on? who is right? >> yeah. no. i think this is consistent with how corrections start. behaviorally everything that leads

they laid down spike strips. driver went on the sidewalk and that's when an officer standing on the sidewalk fired a couple of shots at the car. the car kept going and hit three other cars at fifth and mission. >>> they are glad this vacation is over. the passengers who were on the carnival cruise ship triumph gets a wake-up in hotels with hot showers and working toilets this morning. the cruise ship pulled into port in alabama last night following several days of no electricity, overflowing toilets, food shortages and some pretty foul odors. a fire broke out last weekend in the ship's engine room. >> the latest from russia is that about 1,000 people were injured after a meteor streaked across the sky in the ural mountains. most of the injuries are from shattered glass from the shockwaves. the meteor exploded about 18 miles above the ground. experts say it's not related to the asteroid that will pass close to the earth about 4.5 hours from now. big space day. >> oh, why. >> he we have more space days. nasa may ha

. >> plus gas spiking again. are americans finally numb to the ups and downs. >> an all electric car could be the solution to higher gas prices if they work as promised. guess what. our own phil lebis f out for himself. cnbc test-drive in connecticut being recharged. i literally ran into phil on the new jersey turnpike. >> you're looking pretty good considering he ran into you. >> i'm a big guy. back with more. stick around. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citiba

but maybe what they're also looking at is a volatility index that's been spiking lately, markets that are swinging from one side of the pendulum to the other. you know, there's a lot for the individual investor to take in. and i'd like to give them a little more credit than sometimes we do. what do you see in this market at this point? and what do you pretend for the rest of the week given the fact we have the fed weighing in on things? >> it's an interesting trading day down here. vix popped. they reversed hard. guys were getting complacent earlier saying they're going to continue through friday. it was just admirational friday. they're not saying that now. this took off to the downside and took off hard. the question is is it a correction? you've got to be patient in buying. the answer is yes. but there's a caveat there. it's not just japan. they were talking about italy earlier. but china is also restating worries that they've overstayed it over there and they're cooling down. you throw in sequestration, there's a lot of reasons for guys to step back here and lighten the load a bit

he seemed undeterred by the fact these were golf spikes and that even after i mentioned to him that he would literally be cutting a rug if he wore those things, he bought them any way and unscrewed the spikes and danced up a storm. the floors needed refinishing any way. chris was one of the first people i knew in the prestarbucks era who bought coffee beans and ground them himself. he bought a coffeemaker and set it up. he insisted this was better than the rot gut than in the kitchen. i had to admit, he was right. it was another example of chris showing me how to live in the moment. i laughed when i read senator mccain's recent remarks recalling when chris insisted on personally brewing the senator a proper cup of cappuccino during their meetings in libya. the next topic of material goods would be his donkey, or lack thereof. i love the picture. it reminded me of a priceless letter he sent to me in law school when he was over there in the peace corps. chris wrote wonderful notes and told me when he went running in the village where he was staying, only to have locals come up beside him

police put down spike strips but the driver veered onto the curb.chase ended at 5th skpblg mission. the man was in a four car crash sending five people to the hospital. i was a violent crash and he is now under arrest. >> season fran firefighters struggled to control an apartment fire that threatened to jump to a second building. the fir started on the california street side of the eight-unit building in the inner richmond but as we can see, most of the damage concentrated on the opposite end. the flames still burning up against an adjacent building. one resident was able to escape. >> heard someone screaming that the building is on fire. i looked out of the window i saw flames shooting up. i started to grab my cat and just ran out. >> nobody was injured in the blaze. >> national transportation safety board is r.investigators are in alabama todb' look into the cause of the engine fire that crippled the carnival cruise ship. after spending five days floundering at sea because of a fire. today passengers began to make their way home. car scarred by th

prices spiked 54 cents over nine weeks. the study's authors say the causes for the hikes in prices are now out of the picture. crude oil prices are starting to drop and the speed of the price spike is starting to slow down. this morning, locally you're paying according to aaa prices for a gallon of regular in san francisco are $4.25, oakland $4.17 for a gallon of regular, and in san jose, $4.18. those aren't the highest prices in the bay area. i checked on gasbuddy.com. sausalito gas is $4.89. but i got some good news for you. so check out the lowest prices in your area, all you have to do is go to our website, cbssf.com/gas. in emeryville, cate caugiran, kpix 5. >>> city leaders are mulling over plans to prevent the streets of san jose from deteriorating beyond repair. street maintenance has slipped in recent years because of budget problems but the city council will start looking into what can be done now. during its meeting a week from tomorrow. a "mercury news" report says street conditions are okay now but would worsen

temperatures in the >>> the sack -- success of the san francisco giants is leading to a spike. not just in the price of tickets, but for parking. live outside at&t park about how much meters are increasing. >> reporter: julie, as you know, come game day, parking in this area, and driving in this area is terrible, transportation officials have a solution. charge fans more to park, to the tune of $7 an hour. the backup on the embarcadero during tonight's commute is nothing compared to the major traffic mess when the giants are in town. >> the traffic is horrendous. >> reporter: forget about finding a parking spot. >> it's crazy. there is none. >> reporter: this is the answer to both of those problems. increase the cost to park on game days, or during other special events, starting march 4. >> these changes are meant to make it easier to find a parking space, and reduce congestion. >> reporter: he says the idea is that charging more for high demand spots will deter driving. >> those that do will be able to find a spot quickly. >> reporter: here's how the meter changes will affect

. >> howie is veer a spike in rates be? mean, it's extraordinary to me that this market has not focused on this at all, even in the fiasco at the end of 2012, stocks going higher, going higher. you have to believe that's partly because of the fed. >> it could be a long, long time before it happens. maybe that's why they haven't focused on it and just consider this, and i've heard you talk about 16 trillion. seems to be your favorite number. >> one of mine. >> 16.4 trillion. how about we're spending more than 1 trillion than we take in every year, another one of my favorites. >> when we were at 10 trillion, now at 16 drill yofnl contract cost on 16 trillion is 20% less than it was on the 10 trillion. come on. do you think that's sustainable? so, if you normalize interest rates, i'm not talking about a spike. normalize where they were before qe and take them to 5.5% costs of the federal debt, that's 500 billion a year in interest expenses goes out door. we're having a heart attack over an $85 billion skywester when we can los

how that spike in consumption could affect them in the long run. we're going to talk about that, plus the players taking to the field for the super bowl. they're not the only ones putting their bodies at risk. the effects the big game could have on your health. really, doctors? okay. stick around. that's straight ahead. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your docto

and prices spiked 54 cents over 9 weeks. experts say the speed of the spike is starting to slow down and we could see them drop. locally according to aaa prices for a gallon of regular in san francisco right now $4.25, oakland $4.17 and in san jose $4.18 for a gallon of regular. now, the study's authors say this drop or potential drop in prices could be attributed to the drop in crude oil prices. live in emeryville, cate caugiran, kpix 5. >>> san jose has not maintained city streets well in recent years because of budget problems but that could change over the next few years. the city council will look at what can be done during its meeting a week from tomorrow. a "mercury news" report says street conditions are okay now but would badly deteriorate by 2020 if maintenance isn't accepted up. fund -- if maintenance isn't stepped up. funding could be considered next year. >>> after tunneling the big dig is done. two new mile-long tunnels in san mateo county are having final safety tests this month. it will divert a treacherous 1

of trials at the district attorney offense has spiked by 350%. the supplemental that have i proposed is a $750,000 number. it involves four components with a significant focus on domestic violence victims. it includes additional staffing for the district attorney's office with additional prosecutors, victim advocates and providers particularly legal services for domestic violence to assist with restraining orders, child custody and immigration cases. funding for a domestic violence awareness campaign, which is kicking off this month. related to the 1 billion rally we have coming up next week and restoration of a previously eliminated domestic violence policy analyst position, who had been the only city staff position focused on domestic violence. and the one last comment i want to say, obviously in 2012, we had a significant public discourse on domestic violence, but i would state despite the recent controversy everybody agrees we need to do more to increase our safety net, everyone from our mayor and district attorney to our sheriff and all you

put down some spike strips. the driver of the stolen black town car drove up on the sidewalk to avoid the spike strips and that is when an officer started shooting at the car. at fifth and mission it hit a taxicab which then hit two other vehicles. four vehicles were involved in the accident and five people were hurt including the suspect. everything is going to be okay. everything is going to live but the investigation continues and in the meantime that police officer who did the shooting at the car back on eddie industries is on paid administrative leave. anne makovec, cbs 5. >>> let's check the weather. it's fabulous! >> we have a lot of sunshine, above-normal temperatures and then we talk about rain as we get into next week. but for today, what a gorgeous day it's going to be. mostly clear skies out there, breezy in the hills, especially toward the coastline. that's where we're seeing mild temperatures to begin this morning in the upper 50s in spots. looks like this afternoon, upper 60s coastside. you will s

gas prices spike again but relief could be coming soon. argo comes out on top at hollywood's biggest night. reaction from the other winners... including an actor who set an oscar record. join us for kpix 5 news this morning... beginning at 4:30. good morning. it's monday february 25th. i'm frank mallicoa >>> here's a look at today's forecast in some cities around the country. washington, d.c., turning cloudy, 49 the high. atlanta, expect some occasional rain. st. louis, mostly cloudy, 46 the high. sun in denver, 40. seattle, mostly cloudy, 47 the high. >>> well, oscar night is also a huge night for fashion. this year the gowns we saw on the red carpet took on new shades. teresa garcia shows us who wore what. >> reporter: anne hathaway not only captured an oscar, but wowed in a pale pink prada with very pointed darts that got the twittersphere talking. many of the leading ladies wore the trendy color scheme of light to white. >> jennifer lawrence in dior, and anne hathaway in the prada with the darts that is high fashion that everyone is go

at&t. ♪ >>> the sack -- success of the san francisco giants is leading to a spike.ust in the price of tickets, but for parking. live outside at&t park about how much meters are increasing. >> reporter: julie, as you know, come game day, parking in this area, and driving in this area is terrible, transportation officials have a solution. charge fans more to park, to the tune of $7 an hour. the backup on the embarcadero during tonight's commute is nothing compared to the major traffic mess when the giants are in town. >> the traffic is horrendous. >> reporter: forget about finding a parking spot. >> it's crazy. there is none. >> reporter: this is the answer to both of those problems. increase the cost to park on game days, or during other special events, starting march 4. >> these changes are meant to make it easier to find a parking space, and reduce congestion. >> reporter: he says the idea is that charging more for high demand spots will deter driving. >> those that do will be able to find a spot quickly. >> reporter: here's how the meter changes will affect giants

in just one month, a 13 beset spike in the price of gas. the national average is around $3.50 a gallon. the issue is supply and demand. rising crude-oil prices. u.s. refinery closings. opec has cut production by 1 million barrels a day. lingering operational problems at oil terminals damaged by super storm sandy. this comes at a tough time. most of the country's workers are taking home less pay since the expiration of a payroll tax cuts last month. business owners are now feeling the strain including this new york city taxi driver. >> i find the prices are getting out of control and the government is not doing anything about it. >> if prices continue to rise, his tacos will be taking a bigger bite out of his customers wallet. but it allying depends on how high the coast. >> aaa expects gas prices to slow but continue to rise through april when they expect to hit $4 a gallon. tara mergener, wbal-tv 11 news. >> 5:37. 34 degrees at the airport. could news about the flu. -- good news about flu. >> don't forget to e-mail us your response to our

what does that mean for the gas price spike? maybe it's going to come to an end.op in oil could mean that the spike is coming to an end, but we're at 3.77 as of right now. we went up about another penny and a half overnight and that means, 35 straight days gas has gone up. just in the past month. it spiked 46 cents to be precise. here is our glimmer of hope that it may be coming to an end. chicago, where gas has gone up much more than the national average prices there, dropped overnight. down just 1/2 cent, but down. you still pay more than four bucks in chicago. we get existing home sales, and that's a very big number for a lot of people. you'll get that number at the top of the next hour. and we have for you some homes that were bargains, but now, they are not. like this house in san diego. two bedrooms, two bathrooms, almost $425,000 in 2011. can you guess what it's on the market for right now? i've got a hint for, a lot more. tanya from team investments joins the company at ten o'clock and reveals the current price on this home, and two of us like it, that wil

the calls spiked after his wife filed for divorce last july. >>> in the next list, dr.g the next generation of biofuels. >> people hear mick ro microbesu they think viruss, and you think what? >> i think of little mini factories. >> we call them droppin biofuels. those are molecules that are identical to those in fuels today. >> i'm jay keisling, and i'm a synthetic biologist. >> don't miss "the next list" sunday at 2:30. well worth watching. 21 minutes after the hour. coming up, big wins and losses when it comes to super bowl commercials. who got the most web traffic at their ad ran last night. >> what was your favorite. >> the oreos. >> yeah, i liked it too. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause excess gas. it's gentle and clinically proven to help restore and maintain regularity. look for citrucel today. it's gentle and clinically proven to hel

now we pile on this gas spike and we take another couple of ticks out of it.r the u.s. economy in the first half of this year and even longer if there's any other type of shock and we have no resolution in washington about sequester, fiscal policy. we have more impasse and likely to have it for two years. >> david, let me ask you about that, because at 10:45 this morning, president obama goes before the cameras and i think he's going to give us his ideas how to avoid sequester, how to avoid the big spending cuts. let's suppose that he's not successful, that we cut spending, 85 billion dollars between march 1st and the end of this year. if you take 85 billion dollars worth of government spending out of the economy, does that push us into recession? >> i don't believe 85 is enough to push us into recession, it's slightly weakening, in the scheme of the size of the federal budget. 85 is not very large. the payroll tax is double that amount when you add the gas tax, so it's much more severe and it hits right into the consumption, personal consumption expenditure o

market is ready to go through one thousand nine hundred ninety four type crash so you're going to spike higher the governments because they're half dead because there's obviously we're incapable of managing this economy in such a way as to effectively transition to a higher yield normalized environment they let instead the bond bubble built of three hundred year exchange now the bond pocalypse is upon us and russia quite smartly and china and other countries around the world are getting ahead of this by buying gold and they're buying gold aggressively as we've been saying that they should do yes now the first stage of this financial war was characterized by the fact that the banks didn't trust each other there was no interbank lending and now this. central banks and governments not trusting each other is of course like the first great depression the previous great depression anyway you know that starts to lead to world war is now the bank of russia has built up the world's fourth largest foreign. reserves worth five hundred thirty billion dollars and ten percent of that is in gold. that

the murder rates have been dropping steadily nationwide, oakland saw a 20% spike in homicides last year. this has prompted citizen outrage. >> hey, oakland is no different than any other city. people go to work every day. the only difference is that at any given moment, they can be caught in crossfire. that has to stop. that has to stop, and we pay our taxes to be protected and we want protection. >> as oakland residents demand action, the city police force has suffered years of cutbacks, and now has 25% fewer officers compared to five years ago. meanwhile, the department continues to work to meet decade-old court-ordered reform. has turned to william bratton, a former police chief who is often credited with reducing crime in los angeles and new york. but some civil rights groups are critical of his tactics. he will make his first official boots on the ground visit to oakland early next month. the city retained him as part of a $250,000 contract with his consulting firm. earlier today i spoke with bill bratton. he says he needs to assess the situation firsthand before offering any speci