Gasoline Prices Follow Nationwide Trend in Las Cruces New Mexico

The current gasoline price average of self-serve gas in Las Cruces is lower by two cents compared to last week, according to AAA New Mexico.

In its recent gasoline price poll, the area’s average gasoline price today is $3.16 per gallon. That is lower by 10 cents and 14 cents compared to Albuquerque and Santa Fe.

The current gasoline price average in Las Cruces is trending the $3.33 per gallon average throughout the state, which is also lower by two cents versus the past week.

As of noon time yesterday, 41 retailers in the area were selling gasoline in prices lower than the average. 10 out of the 15 cheapest prices are in Las Cruces, based on locally gathered price information.

Nationwide, the average gasoline price today is $3.41 per gallon.

The prices at the pump have been dropping due to several factors, including the shift to less expensive winter blend gas, a cheaper crude oil price per barrel, lower fuel demand and economic issues.

However, a recent rise in the crude oil price per barrel rise has placed upward pressure on the retail prices of gasoline. Moreover, the latest positive news on the economy, such as several encouraging signs in the White House about efforts to stop the threatening fiscal cliff, have increased the prices of commodities, including gasoline.

An economy that is strong would be anticipated to increase gasoline demand, which places upward pressure on costs.

Doug Shupe, spokesman of AAA Texas and New Mexico, encourages drivers to keep on thinking about fuel efficiency as the end of the year approaches. He reminds drivers to ensure that their vehicles are maintained according to the recommendations of their manufacturers.

By: Chris Termeer

Chris Termeer

Chris Termeer is an oil and gas consultant, industry commentator and analyst. His book, Fundamentals of Investing in Oil and Gas provides a comprehensive overview of all aspects of the oil and gas industry, including exploration, drilling, production, storage, transportation and refining, to name but a few.

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