Albuquerque, NM (KKOB) — New Mexico gas prices reversed course and dropped over the holiday week, with the statewide gas price average in New Mexico dipping six cents to $2.90 for a gallon of regular unleaded fuel, according to the AAA New Mexico Weekend Gas Watch. Of the major metropolitan areas surveyed in New Mexico, drivers in Farmington are paying the most on average at $3.51 per gallon while drivers in the Santa Fe area are paying the least at $2.78 per gallon. The national average price for a gallon of regular unleaded is $3.12, which is the same as last week and a penny less than last year.
Mixed Signals For Gas Prices
Gas prices throughout the Mountain Region of the U.S. generally dropped over the past week, while most other regions of the country held steady or experienced increases. U.S. oil production surged compared to this time last year, indicating plenty of supply for the start of 2024, according to Oil Price Information Service.
2023 Annual Average Pump Price Will Be Third Highest Ever
“New Mexico is set to wrap up 2023 with its third highest annual gas price average ever,” said AAA New Mexico spokesperson Doug Shupe. “This year’s New Mexico annual price average will be about $3.44 a gallon, which is 37 cents lower than the 2022 annual statewide price average of $3.81 and two cents lower than the 2012 annual statewide average of $3.46.”
Albuquerque, NM (KKOB) — New Mexico gas prices reversed course and dropped over the holiday week, with the statewide gas price average in New Mexico dipping six cents to $2.90 for a gallon of regular unleaded fuel, according to the AAA New Mexico Weekend Gas Watch. Of the major metropolitan areas surveyed in New Mexico, drivers in Farmington are paying the most on average at $3.51 per gallon while drivers in the Santa Fe area are paying the least at $2.78 per gallon. The national average price for a gallon of regular unleaded is $3.12, which is the same as last week and a penny less than last year.
Mixed Signals For Gas Prices
Gas prices throughout the Mountain Region of the U.S. generally dropped over the past week, while most other regions of the country held steady or experienced increases. U.S. oil production surged compared to this time last year, indicating plenty of supply for the start of 2024, according to Oil Price Information Service.
2023 Annual Average Pump Price Will Be Third Highest Ever
“New Mexico is set to wrap up 2023 with its third highest annual gas price average ever,” said AAA New Mexico spokesperson Doug Shupe. “This year’s New Mexico annual price average will be about $3.44 a gallon, which is 37 cents lower than the 2022 annual statewide price average of $3.81 and two cents lower than the 2012 annual statewide average of $3.46.”
