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S >>trace: gas prices dropping? do not celebrate just yet, some say we are experiencing the calm before the storm in the oil market. they warn that gas could hit $5 a gallon in some parts of the united states by mid-july. right now the national average for a gallon is $3.78 down six crepts from a week -- cents frok ago. economists say the average american households pent $369 on gas last month. but in 2009 the average spent $200 on gas for the month of april. analysts say the unrest in the middle east and concerns of flooding near gulf coast refineries could push prices up and they point out t...

You're talking about a week ago in downtown los angeles, four buck phos a gallon of regular unleaded, that's now spread to a large part of california. and you could also look across the country and you will find there is no longer a $2-gallon of gas. virtually everywhere, virtually every station, is $3 above. and california, the all-important state for gasoline and driving, is now an average of 3.78 a gallon for regular unleaded. so bottom line, bill, we've got inflation, right here in america, you can feel it, you can see it, that may well result in a slowing of the economy, but it's a direct...

Invented new intimate ways to connect and communicate directly from your wrist. it is also a comprehensive health and fitness device. >> reporter: the first new apple product in four years. virtually your life on your wrist. with the new apple pay system for apple watch and iphone, you no longer need a debit or credit car. >> your total is $23.78. >> that's it. >> cook promising your accounts are encrypted while giving abc news' david muir an exclusive backstage pass. >> we've made it incredibly safer. no longer do you have exposed number that anybody can look at. no longer do you have there f...

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To fire artillery shells back towards syrian positions today. and in a tweet, the prime minister's spokesman said the following, quote: turkey has no interest in a war with syria. but turkey is capable of protecting its borders and will retaliate when necessary. for now, we understand the guns on both sides have fallen silent. everybody is hoping they stay that way at least in terms of the fight between turkey and syria. trace? >> trace: indeed, "the fox report's" correspondent jonathan hunt live with us in new york. jonathan, thank you. that crisis in syria could leave us all paying a bit mor...