Fuel prices fall, pending Gulf Coast storms
Media Release, AAA New Mexico
The statewide gas price average in New Mexico is $2.85 for a gallon of regular unleaded fuel, according to the AAA New Mexico Weekend Gas Watch. That price nine cents less when compared to this day last week and 42 cents less per gallon when compared to this day last year. Of the major metropolitan areas surveyed in New Mexico, drivers in Farmington are paying the most on average at $2.85 per gallon while drivers in Las Cruces are paying the least at $2.77 per gallon. The national average price for a gallon of regular unleaded is $3.16, which is one cent less when compared to this day last week and 35 cents less when compared to this day last year.
New Mexican drivers are enjoying the lowest July gas prices in four years, with average pump summer prices not seen this low since 2021. However, a low-pressure system off the Gulf Coast is drawing attention as it moves westward. While the chance of significant development remains low, this time of year brings heightened sensitivity to tropical activity, which can impact fuel prices—especially if storms disrupt Gulf Coast refineries or if flooding affects fuel supply chains and consumer demand.
“New Mexican drivers are benefiting from a summer of relatively low gas prices, a welcome relief during peak travel season,” said Daniel Armbruster, spokesperson for AAA New Mexico. “While the current system off the Gulf Coast isn’t expected to have major impacts, it’s a reminder that tropical weather can quickly shift fuel dynamics along the Gulf Coast.”
Prices up to date at press time using market prices posted at 3:41 a.m. Motorists can find current gas prices along their route with the free and revamped AAA App for iPhone, iPad and Android. The app can also be used to map a route and learn traffic conditions along that route, find discounts, locate parking, book a hotel and request and track AAA roadside assistance. Learn more at www.AAA.com/mobile.
