NOW TO OIL PRICES AS LEADERS OF OPEC MEET THIS MORNING TO DECIDE OPEC MEET THIS MORNING TO DECIDE WHETHER TO CUT PRODUCTION MORE. WHETHER TO CUT PRODUCTION MORE. THE RESULT COULD MEAN HIGHER GAS THE RESULT COULD MEAN HIGHER GAS PRICES. PRICES. ALEXIS CHRISTOPHERUS HERE WITH ALEXIS CHRISTOPHERUS HERE WITH MORE. MORE. ALEXIS, GOOD MORNING TO YOU. ALEXIS, GOOD MORNING TO YOU. >> Reporter: GOOD MORNING, WHIT. >> Reporter: GOOD MORNING, WHIT. DRIVERS HAVE BEEN DRIVERS HAVE BEEN GETTING A BREAK AT THE GAS PUMP GETTING A BREAK AT THE GAS PUMP DESPITE MORE PEOPLE HITTING THE DESPITE MORE PEOPLE HITTING THE ROAD AS SUMMER APPROACHES, GAS ROAD AS SUMMER APPROACHES, GAS PRICES HAVE BEEN TRICKLING DOWN. PRICES HAVE BEEN TRICKLING DOWN. ACCORDING TO AAA, THE NATIONAL ACCORDING TO AAA, THE NATIONAL AVERAGE FOR A GALLON OF REGULAR AVERAGE FOR A GALLON OF REGULAR NOW $3.55. NOW $3.55. THAT'S $0.02 LESS THAN A MONTH THAT'S $0.02 LESS THAN A MONTH AGO AND A WHOLE LOT LESS THAN A AGO AND A WHOLE LOT LESS THAN A YEAR AGO. YEAR AGO. THAT PRICE DROP COMES EVEN AS THAT PRICE DROP COMES EVEN AS GAS STATIONS NATIONWIDE HAVE GAS STATIONS NATIONWIDE HAVE ALREADY SWITCHED OVER TO THE ALREADY SWITCHED OVER TO THE MORE EXPENSIVE SUMMER BLEND OF MORE EXPENSIVE SUMMER BLEND OF GASOLINE. GASOLINE. SO WHAT GIVES? SO WHAT GIVES? THE PRICE OF CRUDE OIL. THE PRICE OF CRUDE OIL. IT'S ACTUALLY BEEN FALLING, AS IT'S ACTUALLY BEEN FALLING, AS GLOBAL DEMAND FOR OIL FALLS. GLOBAL DEMAND FOR OIL FALLS. CRUDE IS THE PRIMARY INGREDIENT CRUDE IS THE PRIMARY INGREDIENT IN GAS, ACCOUNTING FOR ABOUT 60% IN GAS, ACCOUNTING FOR ABOUT 60% OF THE PRICE AT THE PUMP. OF THE PRICE AT THE PUMP. BUT THOSE PRICES COULD REVERSE BUT THOSE PRICES COULD REVERSE COURSE, DEFENDING ON THE MEETING COURSE, DEFENDING ON THE MEETING IN VIENNA. IN VIENNA. THE WORLD'S TOP OIL PRODUCING THE WORLD'S TOP OIL PRODUCING COUNTRIES, INCLUDING RUSSIA, COUNTRIES, INCLUDING RUSSIA, DEBATING CUTTING DEBATING CUTTING PRODUCTION BY MORE THAN A PRODUCTION BY MORE THAN A MILLION BARRELS A DAY. MILLION BARRELS A DAY. THAT WOULD COME AFTER LAST THAT WOULD COME AFTER LAST MONTH'S DECISION TO CUT MORE. MONTH'S DECISION TO CUT MORE. A DECISION THAT INITIALLY SENT A DECISION THAT INITIALLY SENT PRICES HIGHER THEN QUICKLY PRICES HIGHER THEN QUICKLY FADED. FADED. OPEC PUMPS ABOUT 40% OF THE OPEC PUMPS ABOUT 40% OF THE WORLD'S CRUDE OIL, SO ANY POLICY WORLD'S CRUDE OIL, SO ANY POLICY DECISIONS COULD HAVE A MAJOR DECISIONS COULD HAVE A MAJOR IMPACT ON FUEL PRICES. IMPACT ON FUEL PRICES. AND ANOTHER WILD CARD FOR GAS AND ANOTHER WILD CARD FOR GAS PRICES GOING FORWARD. PRICES GOING FORWARD. HURRICANE SEASON. HURRICANE SEASON. ANY DAMAGE DONE TO OIL ANY DAMAGE DONE TO OIL REFINERIES ALONG THE GULF COAST REFINERIES ALONG THE GULF COAST COULD SEND GAS PRICES SOARING. COULD SEND GAS PRICES SOARING. JANAI? JANAI? >> WE KNOW THAT SUMMER BLEND IS >> WE KNOW THAT SUMMER BLEND IS ALREADY COSTING US MORE.