ALBUQUERQUE, N.M. — New Mexico drivers are paying more at the pump as gas prices climb statewide. According to AAA New Mexico, the average price for a gallon of regular unleaded is now $3.08, up 28 cents from last week and 10 cents higher than this time last year.
Among major metro areas, Farmington reports the highest average at $3.18, while Las Cruces sits lowest at $3.11 per gallon. Nationally, the average price has increased to $3.25, rising 27 cents over the past week.
AAA says the spike reflects rising crude oil prices driven by continued conflict involving Iran, a key player in the global oil market. Tensions overseas are adding pressure to already tightening energy conditions, pushing wholesale and retail fuel costs higher across the country.
Seasonal factors are also contributing. Refineries are preparing to switch to more expensive summer‑blend gasoline, and fuel demand typically increases as spring travel picks up.
“Drivers are beginning to see gas prices move higher, and there are a few factors behind the increase,” said Daniel Armbruster, spokesperson for AAA New Mexico. “Crude oil prices are rising amid geopolitical tensions overseas, and that’s putting upward pressure on gas prices. At the same time, we’re entering the time of year when refineries switch to summer-blend gasoline and demand begins to increase.”
AAA notes that how long the upward trend continues will depend on global developments and market response in the weeks ahead.
