AAA New Mexico: Pump prices continue steady decline

New Mexico Business WeeklyGasoline prices across New Mexico dropped five cents this week to a statewide average of $3.59 per gallon, according to the AAA New Mexico Weekend Gas Watch. It is the seventh consecutive week that prices have fallen in the state. Of the major metropolitan areas surveyed, drivers in Las Cruces are paying the least, at $3.47, and drivers in Santa Fe are paying the most at $3.61 per gallon of unleaded regular gasoline. The national average is $3.56. Industry analysts say the decline in retail gas prices continues as global crude oil prices have dropped in response to economic concerns overseas. A slowing global economy is expected to consume less crude oil, which puts downward pressure on prices. Read More News New Mexico



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