regular unleaded is averaging $3.73 a gallon nationwide, but lipow oil associates is expecting a drop to $3.50 by the end of summer. but there is also some bad news: worries about the global economy are fueling the decline. >> what's driving prices lower is the instability in the eurozone and the uncertainty that austerity versus growth. what will happen to the euro and the eurozone, and how will it affect and ripple through the rest of the world? >> reporter: especially china, the world's second largest oil consumer, which is already seeing a slowdown in economic growth. there's another factor that could help push down prices: a glut of crude supplies. >> u.s. production is going up dramatically. in north dakota, all around, the success of hydro-fracking and the fracking story has increased supplies dramatically. >> reporter: crude inventories are now at record levels at cushing, oklahoma, the delivery hub for u.s. futures contracts. typically, lower prices at the pump are good for the economy, but they may not matter much this time. >> the beneficial efforts of lower prices are prob