Albuquerque, NM (KKOB) — The statewide gas price average in New Mexico is $3.32 for a gallon of regular unleaded fuel, according to the AAA New Mexico Weekend Gas Watch. That price is nine cents more when compared to this day last week and 24 cents less per gallon than on this day last year. Of the major metropolitan areas surveyed in New Mexico, drivers in Las Cruces are paying the most on average at $3.38 per gallon while drivers in Farmington are paying the least at $3.28 per gallon. The national average price for a gallon of regular unleaded is $3.67 which is one cent more when compared to this day last week and is seven cents less when compared to this day last year.
The latest data from the Energy Information Administration shows a healthy increase in demand for the last part of April. With the onset of warmer weather, consumers are hitting the roads more frequently, leading to an uptick in fuel consumption. However, this weekly increase in demand may also translate into potential price fluctuations in the coming weeks, particularly as the historically busy Memorial Day travel period approaches.
“Fuel price fluctuations remain possible throughout May,” said AAA New Mexico spokesperson, Daniel Armbruster. “Demand for fuel is increasing as the weather warms and that can mean higher fuel prices, especially as the busy Memorial Day travel period approaches.”
