assets they arrested a cleric today which set the markets on fire. those are just a couple of reasons for oil futures skyrocketing, up to $102 a barrel today. hey, don t pay attention to that. don t pay attention to wikileaks either. here is where the media goes wrong. they look at everything. disconnected. then they say oh, you connect the stories, you re crazy. really? let s take the wikileaks story and tie it together with what is happening in the middle east. if they do that, it might show a larger picture. here is the country the wikileaks is reporting on here. egypt on egypt, wikileaks leaked cables embarrassing to hosni mubarak. two months later, rioting starts in egypt. tunisia, they have leaked cables here on tunisia that expose corruption of the president s family. tunisia was flipped january 14. actually, this was first, then
anything else at this point. because libya supplies the majority of their oil to europe. if that gets shut off, then europe s going to start to seek oil in other areas. that s going to affect our ability to get oil and then the prices are going to start to go up. we re seeing that already, oil over $100 a barrel today. jamie smith, ceo of scs international, thank you for joining us today. thank you. kiran, how much are you willing to give former the job you want? would you be willing to give up your facebook login and password? one guy had to. also, we re going to be joined by an oscar nominee. days away from the oscars, right? he s not here to talk movies. he s here to talk books. e to we with these priority mail flat rate boxes from the postal service, if it fits, it ships
his country. martha: let s take a look at some of the top stories we are covering. oil prices reaching over $100 a barrel today. and the fbi is investigating the raid on a yacht high jacked by somali pirates that resulted in the death of four americans. it happened while the u.s. was trying to negotiate with those pirates. we ll stay on top of that. also the space shuttle discovery is preparing for its final liftoff. the crew of six there are only two more shuttle launches after this one. bill: a major setback for a canadian family fighting to extend the life of their terminally ill son.
largest oil reserves in the world. cnn s lisa sylvester is joining us once again. the fuel prices are already going up, lisa. could the libyan situation make matters so much worse? reporter: it absolutely could. you know, consider this, wolf. crude oil futures are up more than $5 a barrel today, and this is the largest one-day rise in two years. talk about feeling the pinch at the pump. gas prices have jumped a whopping 49 cents a gallon since september. that s tough for those logging time on the road. it s a 30-gallon tank, so at $3 a gallon, that s $90. i m worried about it because the economy is not doing too good. a lot of people struggling reporter: average price for a gallon of gasoline in the united states is $3.18, according to the lundberg survey. in san francisco, gas is $3.54 a gallon. st. louis, $2.99, atlanta, $3.11
ago to $90-$95 a barrel today. and then demand s starting to come back as the global economy recovers. people are demanding, you know, expensive jeans. jenna: so is this an indicator that polyester suits are back in? reporter: most of it is oil-based, so a good portion of your polyester suit is going to go up too. with oil prices, it kind of floats all boats. jenna: it doesn t matter what you re looking to buy over the next 6-12 months? reporter: prices that are being discovered in the pits of the various exchanges will push prices higher for goods going 12 months. so at least another year or so. it takes that amount of time to get there with the raw material into the clothes that you re buying. this is bad news almost all the way down the food chain. the high-end retailers are going to be hurting because people are not wanting to pay a lot of money, so they ll go to the lore-end retailers, the walmarts, the jcpenneys, the kmarts, but they re going to