The statewide gas price average in New Mexico is $2.46 for a gallon of regular unleaded fuel, according to the AAA New Mexico Weekend Gas Watch.
That price is two cents less than it was on this day last week and 18 cents more per gallon than on this day last year. The national average price for a gallon of regular unleaded is $2.55, which is two cents less when compared to this day last week and 18 cents more than the price per gallon at this same time last year.
“More people around the Mountain Region than ever – 8.8 million – will travel this holiday season, from Saturday, December 21 through Wednesday, January. 1, with the vast majority – 7.8 million – traveling by automobile,” said Daniel Armbruster, AAA New Mexico spokesperson.
“Demand for retail gasoline is following normal December trends by decreasing as the weather turns colder, creating cheaper gas prices just in time for the holidays.”
Regional gasoline stocks have been consistently building since the beginning of November. This is a trend that should continue into the new year and bring even cheaper gas prices for motorists in the region.