Unknown Future for Gas Prices

GAS PRICES ACROSS NEW MEXICO ARE PRETTY MUCH UNCHANGED FROM LAST WEEK … AND JOSHUA ZUBER WITH TRIPLE-A NEW MEXICO SAYS THEY SHOULD REMAIN STABLE THIS FALL. THAT’S AS THEY BRING IN THE CHEAPER WINTER-BLEND OF GASOLINE. ZUBER SAYS THERE COULD BE SOME CHANGES.

THE SITUATION IN IRAN INVOLVES U-S IMPOSED SANCTIONS DUE TO TAKE EFFECT IN NOVEMBER. HE SAYS VENEZUELA IS ALSO LOOKING TO DROP ITS CRUDE PRODUCTION AND GLOBAL CRUDE INVENTORY IS EXPECTED TO DROP, CAUSING OIL PRICES TO RISE.

RIGHT NOW, THE STATEWIDE AVERAGE IS 2-84, THE SAME AS LAST WEEK. GAS PRICES IN ALBUQUERQUE ARE 2-67 A GALLON LIKE LAST WEEK. SANTA FE GAS PRICES DROPPED A PENNY TO 2-71.

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