2 weeks Ago
While gasoline prices rose slightly last week in most of New Mexico to over $3, Santa Fe's prices rose 5 cents but were still New Mexico's lowest average price at $2.91 per gallon of regular unleaded fuel. According to AAA New Mexico's most recent news release, Farmington continues to see the highest prices in the state at an average of $3.
35 per gallon. New Mexico's average gas price last week was $3.04, an increase of 5 cents from the week prior and a decrease of 44 cents from the same time last year.
The national average was $3.15, which was 5 cents less than the week prior and 39 cents less than the same time in 2023. Oil supply is up, according to the Energy Information Administration, with U.
S. crude oil stocks up by 5.5 million barrels and U.
S. gasoline inventory up by 900,000 barrels. Demand is starting to return to normal after hurricanes Helene and Milton, the news release said.
With the help of typical autumn patterns, AAA spokesperson Daniel Armbruster said gas prices "will likely decline in the coming days as supplies remain healthy.".
