Mon. Apr 22nd, 2024

STATEWIDE GAS REPORT

CLOVIS (KSMX)- The statewide gas price average in New Mexico is $2.60 for a gallon of regular unleaded fuel, according to the AAA New Mexico Weekend Gas Watch. That price is two cents more compared to this day last week and 29 cents less per gallon than this day last year. Of the major metropolitan areas surveyed in New Mexico, drivers in Farmington are paying the most on average at $2.74 per gallon while drivers in Albuquerque are paying the least at $2.49 per gallon. The national average price for a gallon of regular unleaded is $2.69 which is two cents more compared to this day last week and 16 cents less than the price per gallon on this day last year.

The statewide gas price average had been on an unusual downward trend, for this time of year, since mid-April. This news comes as AAA predicts a record-breaking 3.6 million Mountain Region residents (2.9 million by automobile) will travel away from home during the Independence Day holiday period, next week. The slight pump price increase is due to rising crude oil prices and record-breaking demand for retail gasoline. New Mexican drivers will still save at the pump as gas prices are 29 cents less per gallon, on average, compared to the week before Independence Day last year.

AAA New Mexico Independence Day Travel Forecast More Mountain Region residents than ever recorded by AAA, nearly 3.6 million, are making plans to honor the red, white and blue with an Independence Day getaway this year. (AAA began tracking holiday travel in 2000.) Overall, national travel volume for the holiday is expected to rise 4.1% over last year to total nearly 49 million people, with an additional 1.9 million people planning road trips and other vacations to celebrate America’s birthday.

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