ALBUQUERQUE, N.M. — New Mexico drivers are enjoying a small but noticeable break at the pump this week. AAA New Mexico reports the statewide average for regular unleaded is now $2.60 a gallon, down 12 cents from last week and 38 cents from this time last year.
Among major metro areas, Las Cruces continues to post the highest average at $2.74, while Santa Fe holds the lowest at $2.52. Nationally, the average price sits at $2.93.
AAA credits the recent slide to lower demand and stable crude oil prices, conditions that have been easing pressure on fuel costs across the region.
But the seasonal shift on the horizon could change that trend.
As refineries begin preparing for the annual switch to summer‑blend gasoline, a more expensive formula designed to evaporate less in warm temperatures, prices typically see upward movement. The transition often tightens supply temporarily and raises production costs — factors that historically show up at the pump.
AAA also points to global geopolitical tensions as another variable that could influence crude oil markets in the coming weeks.
“New Mexico drivers are seeing a bit of relief right now, but seasonal trends suggest that prices may not stay this low for long,” said Daniel Armbruster, spokesperson for AAA New Mexico. “As refineries begin the switch to summer-blend gasoline and global oil markets react to geopolitical developments, upward pressure at the pump is possible as we move towards spring.”
For now, New Mexico drivers are paying some of the lowest prices seen in months — but the spring fuel season may bring a shift in momentum.
