STATEWIDE (KSMX)- According to the AAA New Mexico Weekend Gas Watch, the statewide gas price average in New Mexico is $2.77 for a gallon of regular unleaded fuel. This is three cents more than last week and two more gallons than last year. The national average price for a gallon of regular unleaded is $2.88. This week, the U.S. government announced a plan to end the use of waivers for countries to import oil from Iran. In November of last year, the U.S. re-imposed sanctions on exports of Iranian oil, however, waivers were granted to allow some countries to continue making limited oil purchases from Iran for six months.
Officials announced that the administration will not renew sanctions waivers in an attempt to end all oil exports from that country.