ALBUQUERQUE, NM--(Marketwire - October 10, 2008) - Retail gasoline prices throughout New
Mexico fell by more than 20 cents since last week, according to AAA New
Mexico Weekend Gas Watch.
In New Mexico, the current average is $3.335 a gallon for regular unleaded
gasoline. Nationally, the average price for a gallon is $3.350, which is
almost 60 cents more than this time last year.
"Fuel demand in both the U.S. and Europe is lower than last year. The
current economic situation is driving down the price of crude oil, and Gulf
refineries are just about back to their normal levels for production and
delivery, after Hurricane Ike," says AAA New Mexico spokesman Dan Ronan.
"With lower demand, and more fuel in the market, New Mexico prices are
decreasing."
The most expensive gas is in the Las Cruces area where prices are $3.37.
Still, that's a decrease of 15 cents since last week. The state's cheapest
gas is in Albuquerque at $3.12 a gallon after dropping a whopping 25 cents
since last week.
Light sweet crude oil reached a record price of $147 on July 17, 2008. Oil
is currently trading between $77 and $82, down nearly 40% since July and at
a 13-month low. Gas reached a national peak average of $4.11 on July 17,
and is still 59 cents above prices this time last year.
10/10/08 10/03/08 Difference 10/10/07 Difference Date Price
-------- -------- ---------- -------- ---------- --------- -----
National 3.350 3.576 - 0.226 2.760 + 0.590 07/17/2008 4.114
New Mexico 3.335 3.543 - 0.208 2.886 + 0.449 07/17/2008 4.078
Texas 3.223 3.477 - 0.254 2.654 + 0.569 07/17/2008 3.985
Albuquerque 3.129 3.331 - 0.202 2.809 + 0.320 07/17/2008 3.987
Las Cruces 3.378 3.530 - 0.152 2.862 + 0.516 07/15/2008 4.012
Santa Fe
Area 3.327 3.484 - 0.157 2.860 + 0.467 07/07/2008 4.044
Flagstaff 3.472 3.632 - 0.160 2.822 + 0.650 07/14/2008 4.250
Tucson 3.209 3.332 - 0.123 2.641 + 0.568 06/20/2008 3.847
Denver 3.322 3.470 - 0.148 2.738 + 0.584 07/17/2008 4.006
Durango 3.528 3.728 - 0.200 2.957 + 0.571 07/18/2008 4.221
Las Vegas 3.358 3.460 - 0.102 2.791 + 0.567 06/21/2008 4.279
Amarillo 3.013 3.279 - 0.266 2.759 + 0.254 07/16/2008 3.983
El Paso 3.445 3.576 - 0.131 2.797 + 0.648 07/17/2008 3.967
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Contact Information: Contacts:
Dan Ronan - Statewide/Dallas
Ronan.dan@aaa-texas.com
danronan@sprint.blackberry.net
469-221-8217 office
469-583-7070 cell
Sarah Schimmer - Houston
Schimmer.sarah@aaa-texas.com
713-284-6552 office
281-797-7886 cell