either way it puts pressure on unleaded gasoline. you have people buying up the supply right now, the next month to month and a half they already have the unleaded gas. now it's going to go down. >> susie: based on what you're saying alan, what does this mean on the macro side in terms of oil prices? we've seen u.s. oil prices have been hovering around the $90-$95 range. crude has been a little higher, $120 range. where do you see oil prices over the next couple of months? are they going to go higher or stay just where they are? >> short term higher. i think we break the 98 oil. if we break, that i think we see $100. after that i think we break the $94 level, and when we do, i think we're going to see $89-$86 in crude oil. >> susie: all right, fascinating. thank you alan. we appreciate you coming on the phone. alan harry, c.e.o. of the spartan commodity fund. >> tom: still ahead, chevrolet gambles on higher gas prices, betting they'll attract buyers for its diesel-fueled chevy cruze. >> susie: no snow day here at the new york stock e

gas prices areeon thh rise. priple-a reports the nationaa average priceefor a ggllon of regglar unleaded is uppa penny -& from the previous week... to 3-53.it marrssthe 9tt straight weekly increesee but pa carl azuzzexplains... tthre are 5 things you can do... to 3 gas. 3 you don't eee a hybrid to pavv money on gas!but you do 3 is: donnt do 80..eeides the fact 3thht it's illegal in most purn more fuel o hannle highh speeds..o sslw saves doughhtip two: gee pumped.a lot of cars 3 deflated tires, hich pncreeses friction...and decreaaee ffel effiiiency.soo keeepyour car'' shhes where thhy say thee should be...at &pthherecoomended pounds per sqqare inch or p-s-i. also, make sure your whhels are pliined properly.ttaa'll save you both on tires and gas, keeping your nnine frrmm working so aad.threee liggten & up.you're gettiig worse gas pmileage witt all that junk in &pyour ttunk.i mean thatt horseshoes, gardening eeuiiment, dog food--all that -3 stuff weighs, and slows, your &pcar down.so when you're not helping someeneemove, make & sure the sparr ttie's one oo in the back.ffur: smooth it 33 un

locally gasbuddy.com says the average price of unleaded in san francisco is $4 passport 24 a gallon.kland, $4.14 and in san jose $4.16 a gallon. if the prices are causing you pain you can find the best deal on gas in your area on our web site, cbssf.com/gas. >>> we are wrafp -- wrapping up another great sunset. >>> find out when we will head back to the 70s. get out your bell-bottoms, forecast next am i allergic to any medications? i don't know. last immunization shots? really? honey, what's my blood pressure medicine called? one time i took something and i blew up like a puffer fish. i'm probably allergic to that. at kaiser permanente, your medical information is available to you and your doctors. quickly. securely. no guesswork required. better information. better care. kaiserpermanente. thrive. south of san francisco are undergoing final safety tests this >>> after five years of tunneling the big dig is finished. two new tunnels from san francisco are undergoing final safety tests this month. the project will diverse 1.2 mile stretch of the pacific coast highway. >>> guess what, i

don't have a choice, that is what a lot of bay area drivers say about paying $.32 more for a regular unleaded gallon of gas than we did not a year ago, but a month ago we've asked what the gas is going up in prices. trip tr tr aaa says that we are feeling better about the economy, we drive more, we up the price. we asked average joes about the prices and they have their own theories. >> they have so much surplus gas, like in north dakota, it should be less, we are getting the gas and selling it on the other countries and it's not right. >> we are just always fighting gas speculation, you know, that's the problem. it's not the actual extraction of it, it's the speculators that are making the money. >> of course, we are being gouged, i don't know what the problem is. >> we do expect to pay more around this time of year, what is unusual is that spike was a lot sharper than we are used to. aaa reminds us to get the most bang for our buck, by making sure tires are properly inflated and we drive the speed limit to get the best mielag event >> in san jose, nbc bay area news. >> we have a follow-up t

locally the gasbuddy.com shows the price for unleaded in san francisco is $4.24 a gallon. oakland it is $4.15. san jose it is $4.16 a gallon. if the prices are causing you pain you can find the best deal on gas in your area on our web sight, cbssf.com/gas. >>> prices like that people were not out for a sunday drive, paul. >> maybe go for the sunday walk or a bike ride. >> yes. get outside it was georgeous. >> it was spectacular. unprecedented wintertime weather pattern. it is phenomenal out there. once again, another day in the 60s, sunshine. once again, another beautiful presunset if you will. the moon rising from behind the bay bridge over the oakland hills and it will be another clear and chilly night tonight. now, the question may be what can you see from the top of the mountain? you can see oakland and clear skies out to the west. also the home of kpix hi-def doplar. it is 63 right now in concord, low 60s for oakland and livermore, middle 60s in santa rosa. a beautiful day in sanoma county. san san jose. we have the radar fired up and the national radar service in the

unleaded regular, the mid-grade and premium as well. now, i spoke to one customer inside there, mark, who says yeah, gas is going up but what are you going to do. >> it's $3.99 now. what won't you pay, mark? how high ditz have to go? >> -- does it have to go? >> 5 bucks, 6 bucks. how else are we going to get to work? we have to pay regardless. >> 6 bucks you probably still have to pay. >> definitely. no matter what. yeah. >> get more than six gallons next time all right. >> i know. i had a half tank. >> $4.13 a gallon in oakland. now, check this out. here is chevron station. supreme is $4.31. trying not to let technology get in the way of the message. you got the gist of that, right? we made it easy for you to find best gas prices in your neighborhood. cbssf.com, you get a map of all the low prices. >>> it is going to be easy to track down lost or stolen electronics. a couple accidentally left their ipad behind on a cent flight. kpix's julie watts explains the travelers were shocked where it ended up. >> the couple admits they could hav

the national average for a gallon of unleaded is $3.62, up seven cents from last week. still to come, trading abroad. what overseas stocks have caught our traders' interest. that's later. but first, breaking in. how to introduce your brand into a new market. that's next with bill moller. you sell a thousand and some different products under your company brand. it's a big brand...but, only in other countries! you do sell some private label products in the lucrative and crowded u.s. market, but now you want to establish your brand here. so how do you do that? that's what one brand is attempting. dr. fischer is the company logo, and doctor eli fischer is the man behind that logo, which is especially well-known in europe and israel, where your health products company is based. i know one thing you do is to write a book, and you've done that: "dr. fischer: the man behind the logo." and you got president clinton to write the blurb, so that is something to help get that brand established. so what is your strategy for breaking into this country? > > the strategy is that we star

locally, gasbuddy-dot-com shows the average price for a gallon of unleaded in san francisco is four-s jumped 28 cents nationwide. in oakland it is $4.15. if the prices are causing you pain you can find the best deal on our web site, cbssf.com/gas. we'll be right back. we are all reflections of the people who came before us. the good they did inspires us, prepares us and guides us. at new york life everything we do is to help you keep good going. color. this isn't what the closest planet to the sun would look like to the naked eye. instead... nasa scientists say it's a composite of man d illustrates the >>> this is not really what the closest planet to the sun would look like to the naked eye but nasa says it say composite of maps and illustrates the many chemicals and minerals that make up this hot planet. 70 day? >> 70 day year. >> "gameday" is next. have a good night mary gonzales had a cold she also has asthma. so she sees her allergist who has a receptionist susan who sees that she's due for a mammogram. mary has one that day. that's when she finds out she has a tumor. she has a

this morning the average price of a gaap gallon of unleaded gas is $3.69. that's up 14 cents from a week ago and 43 cents a gallon from last month. experts say rising oil prices, reductions in cuts are all adds to a dramatic increase. >>> a troubled country singer mccready has apparently taken her own light. her life was taken. her talent was overtaken by her personal problems. the 37-year-old entered court-ordereded rehab this month. her two sons were put in foster care. her long-time boyfriend david wilson died last month and his death was also investigated as a suicide. >>> and oscar pistorius's track career has been put on hold why he fights charges of murder. he's defending himself against charges he killed his girlfriend. funeral services for her will held tomorrow. >> reporter: south african oscar pistorius is leaving racing now. he wants to focus on charges. the police arrested the double amputee track star on thursday. prosecutor says he shot his girlfriend at his home in the south african capital. he's charged with premeditated murder but he claim

. >>> and turning now to gas prices, the surprising pace at which they are climbing, regular unleaded going up for the past two days, the national average at 3.73, a gallon, 15 cents in a week, and 40 cents in a month. >> reporter: at gas stations across the country, customers are asking the same question, what could possibly send gas prices up 43 cents in a month? that is an extra 8.60 on a 20 gallon car. in chicago, more than that. up 70 cents a month to 4.22 a gallon, at this station, 4.29. for this taxi driver, ray, it is real money. >> i pay for my own gas, nobody else pays for it. >> reporter: in los angeles, up 50 cents a month, to 4.28, some charges up to 5 a gallon. >> we just went to las vegas, and the gas prices were 1.50 less. >> reporter: from places coast to coast, gas prices are rising every day. >> the rising gasoline prices are extraordinary for this time of year, we usually see it in the summer driving season. >> reporter: what is going on? analysts say the reasons are many, china is demanding more and more every day to power their growing economy, just as opec cut t

the average cost of gallon of unleaded jumped 13 cents this month. and in legal action, peregrine ceo russell wasendorf will get 50 years in prison - the max - for cheating investors out of $215 million. todd horwitz of the adam mesh group joins us now. he has a closer look at the jobs trade. what are you expecting in trading off the jobs number today? > > good morning. all signs the whole week pointed to this one number. the expected number for the forecast is 195. the expected number is 215. if we're not north of 215, i think the market is going to be in for a little bit of a rocky ride today. > todd, as you know, they often say, as goes january goes the rest of the year. this was a terrific january. what do you think? > > i don't see a reason why it wouldn't. fundamentally we still have the same weaknesses we have had for the last two or three years, but, the market wants to go higher, the trend is higher, the tape is higher, so i can't fight it. i've just got to follow the trend. > there are also positive signs from manufacturing, but that did no

regular unleaded has gone up for the past 32 days, 43 cents in a month. nbc's tom costello tells us what's behind this recent rise. >> reporter: at gas stations across the country, customers are asking same question, what could possibly send gas prices up 43 cents in a month. that's an extra $8.60 on a 20-gallon car. in chicago, it's more than that, up 70 cents a month to $4.22 a gallon. at this station, $4.29. for taxi driver ray hubert, that's real money. >> it digs into my pockets. i pay for my own gas. nobody else pays for it. >> reporter: in los angeles, up 50 cents a month to $4.28. some stations charging more than $5 a gallon. >> it doesn't make sense, we went to las vegas, gas prices were $1.50 ls. >> reporter: from coast to coast, gas prices have risen every day for the last month. >> the gasoline prices are extraordinary for this time of year. usually see this happen as we go into the summer driving season. >> reporter: what's going on? analysts say the reasons are many. china is demanding more oil every day to power its growing economy just as

virginia is at $3.46 for a gallon of regular unleaded, which is up .07 on average.d six cents higher than a week ago at $3.59. virginia up two cents compared to last week, drivers paying $3.65. >>> virginia governor bob mcdonnell will try to sell his transportation plan to people in our area. he'll be at mcclain to lay out the impact plan on northern virginia. the governor wants to eliminate the commonwealth's gas tax and raise its sales tax to generate billions of dollars for transportation pro yekts. his proposal would raise vehicle registration fees. the house signed off on the plan. a senate committee will now take up the house version of that bill. >>> metro wants your help as it tries to develop future plans for the transit system. they're holding meetings to get feedback on the strategic plan called momentum which outlines better and faster service for riders. the first meeting tonight at 5:30 at the treetops conference center in hyattsville. another meeting tomorrow in northwest d.c. and a third meeting on thursday at 5:30 in henderson middle school in falls

the national average for a gallon of unleaded jumped from $3.64 cents to $3.78 mortgage rates are on the rise.the 30 year fixed climbed to 3.56% could stir up or slow down home buying. the 15 year remains the same at 2.77% politics and money could make up a big part of today's trading session. daniel stecich of tjm institutional services joins us on the show. good morning to you. > >good morning. > >let's start with the united states. we have the sequestration question. what will it mean for traders today? > >here's what i'm thinking the sequestration thing will do--- in the long run, i'm not to worried about it. i think the market will still grow. i don't think it will have a tremendous impact on our gdp. but in the short term going up until friday when we see some sort of a decision one way or the other. if they don't look like they're coming to a resolution, the market is going to get a bit scared and you're probably gonna see a bit of a pullback. for two reasons---one the sequestration issue and secondly the markets rallied quite a bit. i won't be surprised to see somewhat of a p

in maryland we're paying about $3.59 for a gallon of regular unleaded on par with the national average. >>> a popular distiller is serving up less than the booze. it's watering down its bourbon to meet the demand. they're going to 45% volume to 42%. the company is insisting the bourbon will taste the same. consumers remain skeptical filling out tweeter and other social media sites to complain about the watered down booze. >> i'm just going to say those weren't the only complaints other heard. they're adding water to maker's mart? what? [ multiple voices ] >>> a good idea this morning, make sure you grab the rain gear because eight wet out there. you want to give yourself enough time on the roadways because we're also dealing with fog. we pretty much have it all. charlie, just for you because he's been hounding me and harassing me, we have two shots of wintry weather this week. >> two shots? >> two shots. let's talk about what's going on maryland's most powerful radar as of now because we do have that rain. it is moderate in some spots this morning around baltimore. we can zoom in, hone

regular unleaded in $3.56 per gallon on average. tim mulholland of china america capital joins us on this monday morning for a closer look at the markets. we have to talk about the snow situation. how did it affect the market even on friday? > > on friday we saw such a sharp drop-off in volume. the market in general, volume has been nothing to really write home about, because it has been subdued. and that usually happens in this low-volatility kind of one-way street, non- eventful marketplace. so, when you get a weather concern, it is even less of an incentive for traders to participate in the market. so, a drop off in volume is really a natural occurrence in this environment. > you are just back from china. what did you find there? > > lots of pollution. i was in beijing for two days. i have been in china numerous times, and this was by far the worst i've ever seen it. but, aside from that, you look at the economy, things are moving. it is bouncing right along, and they are rebalancing the economy. you can see the service sector, t

regular unleaded jumped 15-cents a gallon in a week. the national average is up to $3.54 a gallon. that's the biggest one week jump in nearly two years. and as erika miller explains, prices are expected to continue to climb in the weeks ahead. >> reporter: winter is supposed to be the time of year when gasoline is cheap. but that hasn't been the case lately. prices at the pump have risen 20 days in a row, and so far this month, prices are at the highest level for any february, ever. so why are prices rising so quickly? >> part of the root of that has to do with refinery outages that we've had-- a series of them over the past few weeks, and that has curtailed the production of gasoline, and therefore put upward pressure on gasoline prices. >> reporter: there are also fears refineries will face more interruptions, as they switch from winter to summer fuel blends. it's not just refinery issuesy pushing prices higher. much of the recent spike in gasoline can also be blamed on geopolitical tensions. >> investors are looking at what's going on in syria-- revolution over there, israel bom

. >> if we hit $4 a gallon on regular unleaded across the country, that could do a lot of damage. nothing hurts more more quickly than rising gasoline prices. >> reporter: the price tracker th at gasbuddy.com predicts gas will reach $3.75 to $4.05 by april. as the pearsons shop for their new car, they worry about their annual trip to south carolina in april. last year's trip cost them $300 in gas. this year, just $230 in their new car. mom and dad may be focused on fuel, but young austin has a different wish. what kind of car do you want to get? >> red! >> reporter: and diane, some possible relief in sight. gasbuddy.com says that prices will probably start to held lower around memorial day. >> all right, linzie, thank you again so much and welcome to abc news once more. >>> and now, we held out to the heartland. this was the scene in fargo, north dakota, today. whiteout conditions turning an intersection into an obstacle course. and another winter blast on the move expected to wallop the plains with blizzard conditions. to the mountains of california to the midwest in the coming d

the latest survey of gas prices around the country shows an average price for a gallon of unleaded regularbe $3.69 a gallon. that's up 11 cents in the last week, 40 cents in the last month. we are now seeing something on wall street we haven't seen for a while-- a rash of megadeals and mergers. this week, food giant heinz announced warren buffet would be purchasing the company, along with a brazilian group, for $23 billion. and american airlines and us airways announced an $11 billion merger. join us is mark zandi, chief economist of moody's analytics. so many reports of starts and stop of the recovery. what are the possibilities this is a sustained traction? >> i think this is the real deal. confidence is improving, and confidence is key to a better economy. these investors in these companies feel good about their prospects. of course they have very low interest rates, record low interest rates that they can borrow to help finance those purchases. and the shareholders in these companies feel like they're get a fair deal because stock prices are back close to record levels. activities are

regular unleaded has soared $0.30 a gallon, on average nationwide, in the past month. but more importantly, nearly every working american is taking home less pay this year because of higher payroll taxes. mastercard advisors says there's been a drop in spending across all income levels. >> it's off a cliff. interesting enough, you actually saw the impact of when people got that first paycheck on the 15th. it was accelerated into the end of the month, when they really had to pay their bills and all of a sudden said overall, my income is down. >> reporter: quinlan says consumers are dining out, less at fancy restaurants, and more at fast casual chains. they're trading down from high end department stores, to low end ones. americans are also shopping at more discount and dollar stores. but it's important to keep perspective. retail sales data tends to be volatile, and many economists are still confident there will be modest economic growth in the first quarter. >> we're looking for consumer spending to be one of the main drivers in this quarter. the one thing that will al

they are paying more than $5 for a gallon of regular unleaded. the national average price for a gallon is up 17 cents from just a week ago. >>> and high gas prices could be here to stay. >> at least for a few more months. kpix 5 consumerwatch reporter julie watts on what's fueling that increase. >>> reporter: it's back! gasoline at or near $4 a gallon. and in san francisco, drivers are strategizing about how to fill up their tanks. >> put just a little bit in and then make it across the bridge. [ laughter ] >> and then go to another spot that's cheaper. >> east palo alto. >> reporter: prices at the pump have been increasing a penny a day for the last month in california and aaa says there are many reasons why. >> we have had some refinery issues, some plant shutdowns and others that weren't planned. also, there have been an increase in the price of crude oil and more consumption by consumers. >> reporter: not to mention the turmoil in algeria and other oil-producing nations. but cheap or expensive, how much americans pay for gasoline over the lon

. >> 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 first to feel the impact are convenience stores. >> if the consumer has to spend more money on gasoline, they have less money to spend on the stuff that we'd like them to spend inside the store. >> reporter: the other question: if gas prices stay high, will americans spring for summer travel? energy traders remain optimistic. >> the economy is doing a little bit better. there is some potential for people to take more vacations over the summer, and we could see some continued move up or at least firming and support here for energy prices. >> reporter: still, drivers may want to start setting aside a little extra cash now to help cover potentially higher gas prices on the road this summer. ruben ramirez, "n.b.r.," new york. >> susie: also in the energy patch today, transocean closed the chapter on the 2010 gulf oil disaster as a u.s. judge approved the company's $1 billion civil spill settlement. transocean o

regular unleaded jumped 15-cents a gallon in a week. the national average is up to $3.54 a gallon. that's the biggest one week jump in nearly two years. and as erika miller explains, prices are expected to continue to climb in the weeks ahead. >> reporter: winter is supposed to be the time of year when gasoline is cheap. but that hasn't been the case lately. prices at the pump have risen 20 days in a row, and so far this month, prices are at the highest level for any february, ever. so why are prices rising so quickly? >> part of the root of that has to do with refinery outages that we've had-- a series of them over the past few weeks, and that has curtailed the production of gasoline, and therefore put upward pressure on gasoline prices. >> reporter: there are also fears refineries will face more interruptions, as they switch from winter to summer fuel blends. it's not just refinery issues pushing prices higher. much of the recent spike in gasoline can also be blamed on geopolitical tensions. >> investors are looking at what's going on in syria-- revolution over there, israel bomb

in the past month, the national average for a gallon of regular unleaded has gone up 44 cents. some of our facebook fans report jumps of $.10 a gallon overnight. >> i'm standing in front of the fox 5 gas price tracker, easy to use. go to our website. i'll walk you through it in just a moment. first, let's talk about this pain at the pump. now, an especially bad time since many of us are paying more to heat our homes. we asked you on our facebook page help us find some cheap gas, and guess what, a lot of you came through. we'll start with lois. she paid 3.70 a gallon at the 7-eleven in germantown. eduardo says he paid 3.69 a gallon at 7-eleven in rockville. a little less in virginia, usually is. nathan paid 3.49 at the shell in culpepper and cheryl paid 3.59 at citco in stafford. today on fox 5 news at 5:00, a spokesperson told me if you want to save money on gas, slow down a bit on the roads. here's some of that. >> they're just wasting gas and wasting time because you're going to catch them, it's a hare and tortoise, as it were. >> from john towns end of the triple a. let's ta

the average for a gallon of regular unleaded still dollars -- still $4.10.n virginia prices are $3.69. -- still $4.01. >> the announcement was made during last night's oscars. the rest of the cast will be announced tomorrow on "good morning, america." >> for more on any of these stories, go to our web site at wjla.com. >> going outside to find out how things are outside. >> take a look. it's a good morning. they are up and at them. a good morning for a jog. our express forecast for today, a beautiful one. 37 degrees at 9:00. 45 degrees by noon. the high today is 50 degrees. that is average. our days continue to get longer, and it is absolutely beautiful. that is the latest on the forecast. rain on the way for tomorrow. how was the commute this morning? -- is the commute this morning? >> a couple of problems. coalsville orad androad and dale boulevard. expect this to be with us for awhile. quickly into virginia, they have just stopped the hov lanes because of a crash. coming out of springfield the hov lanes will be extremely slow. beyond the crash, no one com

says a gallon of regular unleaded now averages $3.73-- that's up 43 cents in a month!ns in california are charging close to $5. oil supplies are supposed to be helped by the controversial keystone pipeline. that pipeline is planned to run from canada to the texas coast but construction on the northern half has been held up by concern for the environment. in the meantime, the canadian company building the line is already laying pipe for the southern stretch but mark strassmann has found there is a texas feud over the keystone route. >> reporter: the keystone x.l. pipeline extends two miles a day into texas. but it can't get past julia crawford. you have 650 acres, they want a very small piece. why not let them have it. >> because i don't think they have a right to it. if it was 650 inches or something i wouldn't want to take it. >> reporter: plans call to burr tri oil pipe a quarter mile upstream from crawford's creek which is critical for her livestock and crafts. she's worried about a leak and rejected a $21,000 author from the pipeline's owner trans-canada. the compa

aaa says a gallon of regular unleaded now averages $3.73. that is up 43-cent in a month.s are supposed to be helped by the pipeline. that pipeline is planned to run from kabaddi to the texas coast. but construction on the northern half has been held up. in the meantime the canadian company is already laying pipe for the southern stretch, but mark strassman has found something more. >> you have 650-acres. they want a very small piece. why not let them have it. >> they have a right to it. if it was 650 inches or something i wouldn't want to take it. >> listens call to bury the oil pipe aquarter hail up streak which is critical for livestock and crops. she is worried about a leak and rejected a 21 how dollars offer from the owner transcanada. the company says it's too late to go around crawford's land so transcanada pseudo her >> i -- sued her >> i don't believe a canadian organization has more of a right to my land than i do. >> so, most ranchers here like henri duncan welcome the pipe -- henry duncan welcome the pipeline. he won't say what transcanada paid him to bury land