Albuquerque, NM (KKOB) — The statewide gas price average in New Mexico is $4.27 for a gallon of regular unleaded fuel, according to the AAA New Mexico Weekend Gas Watch. That price is 15 cents more when compared to this day last week and $1.35 more per gallon than on this day last year. Of the major metropolitan areas surveyed in New Mexico, drivers in Farmington are paying the most on average at $4.57 per gallon while drivers in Santa Fe are paying the least at $4.24 per gallon. The national average price for a gallon of regular unleaded is $4.42, which is 17 cents more compared to this day last week and $1.41 more than the price per gallon at this same time last year.
Record pump prices reappeared this week due to the higher cost of crude oil. Fear of a global energy supply disruption due to Russia’s invasion of Ukraine outweighs the demand concerns prompted by the impact of COVID-19 on China’s economy. The cost of a barrel of crude continues to exceed $100 as the market weighs the European Union imposing possible new sanctions on Russian oil.
“New Mexican drivers are seeing new record high prices for gasoline as the statewide average shot up 15 cents over the past week,” said AAA New Mexico spokesperson Daniel Armbruster. “Continued high gas prices have many consumers thinking about buying more fuel-efficient or alternative fuel vehicles, and the new AAA Car Guide produced by AAA’s Automotive Research Center is now available to help them assess their options.”
AAA Tips to save money on fuel:
Bad driving isn’t just unsafe. It’s expensive. Studies have repeatedly shown that personal driving habits are the single biggest factor that affects vehicle fuel consumption. Adopting new and improved driving behaviors can contribute to significant savings at the gas pump. Here are some simple ways drivers can improve fuel efficiency:
- Slow down and drive the speed limit. Higher speeds result in more aerodynamic drag.
- Avoid “jackrabbit” starts and hard accelerations. These actions greatly increase fuel consumption.
- Use cruise control on the highway to help maintain a constant speed and save fuel. However, never use cruise control on slippery roads because a loss of vehicle control could result.
- Minimize your use of air conditioning.
- Avoid extended idling to warm up the engine, even in colder temperatures. It’s unnecessary and wastes fuel.
- Download the AAA App to find the cheapest gas prices near you.
- Maintain your car according to the manufacturer’s recommendations. Regular service will ensure optimum fuel economy.
- Make sure your tires are properly maintained and inflated to the correct level. Discount Tire, for example, offers free air checks at their shops.
- When driving in town, adjust your speed to “time” the traffic lights. This reduces repeated braking and acceleration that consume additional fuel.
- When approaching a red light or stop sign, take your foot off the gas early and allow your car to coast down to a slower speed until it is time to brake.
According to gasprices.aaa.com, New Mexico ranks 25th least expensive in the nation for a gallon of regular unleaded on average.
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.