AAA New Mexico: Pump prices fall as millions of Rocky Mountain Region residents prepare to travel for Independence Day – Rio Rancho Observer

(Albuquerque) – The statewide gasoline value common in New Mexico is $4.67 for a gallon of normal unleaded gas, in line with the AAA New Mexico Weekend Gasoline Watch.

That value is 10 cents much less when in comparison with at the present time final week and $1.58 extra per gallon than on at the present time final yr.

Of the key metropolitan areas surveyed in New Mexico, drivers in Farmington are paying probably the most on common at $4.97 per gallon, whereas drivers in Albuquerque are paying the least at $4.60 per gallon. The nationwide common value for a gallon of normal unleaded is $4.86, which is eight cents much less in comparison with at the present time final week and $1.74 greater than the worth per gallon at this similar time final yr.

A drop within the world value of oil helped the nationwide and statewide common for a gallon of gasoline to fall for a second week. Financial fears of a possible world recession resulting in much less demand for oil dropped the worth to round $107 per barrel, down from $110 final week.

“As tens of millions of Mountain Area residents gear as much as take pleasure in an extended Independence Day vacation weekend, they’re being greeted by barely decrease gasoline costs,” stated AAA New Mexico spokesperson Daniel Armbruster, in an announcement. “To get one of the best gas economic system whereas embarking on a street journey, motorists ought to adhere to protected driving practices reminiscent of touring inside posted velocity limits, avoiding arduous accelerations and use cruise management when acceptable.”