Deming tops NM gas prices

From the Deming Headlight - By Matt Robinson, - Deming is home to the most costly gasoline in the state, according to the state gas price watchdog. While rising gas prices do add more funds to state coffers, the economic impact on consumers can drive down gross receipts tax income as folks have less money to spend after filling up. One station hit $3.69 a gallon Monday reported by newmexicogasprices.com. That price was 10 cents more a gallon than the next most expensive stations, which are located in Hobbs. The cheapest state gas prices on Monday were found in the Albuquerque area and other northern portions of the state. The least expensive gas came in at $2.99 a gallon in Albuquerque. According to the watchdog, average retail prices of gasoline in the state have risen 5.4 cents per gallon within the past week. The state average on Monday was $3.27 per gallon. "There is a direct correlation," Senator John Arthur Smith (D-Deming), said Monday of gas prices and state coffers. "Once it reaches a certain price, you start losing gross receipts because you no longer have the disposable income to make retail purchases because you're putting it in the car." Read more

Deming tops NM gas prices