Tue. Oct 3rd, 2023

GAS PRICES REACHING LOWS NOT SEEN IN TWO YEARS

NEW MEXICO (KSMX) – Gas prices in New Mexico continue to slide down, hitting the lowest level in nearly two years. AAA New Mexico Weekend Gas Watch reports that the statewide gas price average in New Mexico is $2.13 for a gallon of regular unleaded fuel. That price is four cents less than this day last week and a whopping 22 cents less per gallon over one year ago at this time. The national average price for a gallon of regular unleaded is $2.23 which is two cents less compared to this day last week and 28 cents less than the price per gallon on this day last year. Despite record motor vehicle travel for the year-end holiday period, demand has continued to decline, suggesting that demand this winter could be lower than expected.

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