ALBUQUERQUE, NM--(Marketwire - November 14, 2008) - Throughout New Mexico retail prices for a
gallon of regular unleaded gasoline continue to fall at a rapid pace,
according to AAA New Mexico Weekend Gas Watch.
The current state average is $2.341 a gallon, down more than 16 cents since
last week and 30 cents lower than the first of the month. Nationally, the
average price for a gallon is $2.152, which is over 96 cents less than this
time last year.
"Prices have been falling at a very rapid pace over the past two months,
with many state averages now falling below $2 per gallon," said AAA New
Mexico spokesperson Dan Ronan. "Nine states have posted average prices
below $2 and only two states -- Alaska and Hawaii are still above $3 per
gallon."
The most expensive gas in New Mexico is in the Las Cruces area where prices
are averaging $2.46. The state's cheapest gas is in Albuquerque at $2.160
a gallon.
"The state average is 76 cents lower than at this time last year," added
Ronan. "That could make Thanksgiving travel more affordable for many
families."
It was at this time almost one year ago when gas was beginning to climb
over $3 per gallon that Americans first began to cut the number of miles
they were driving and fuel consumption began to fall.
Average gas prices in Weekend Gas Watch areas as of 2 a.m., November 11,
2008:
Record High
One Week Ago One Year Ago Prices
11/14/08 11/07/08 Difference 11/14/07 Difference Date Price
-------- -------- ---------- -------- ---------- --------- -----
National 2.152 2.314 -0.162 3.112 -0.960 7/17/2008 4.114
New Mexico 2.341 2.508 -0.167 3.137 -0.796 7/17/2008 4.078
Texas 1.984 2.113 -0.129 2.973 -0.989 7/17/2008 3.985
Albuquerque 2.160 2.326 -0.166 3.080 -0.920 7/17/2008 3.987
Las Cruces 2.460 2.595 -0.135 3.073 -0.613 7/15/2008 4.012
Santa Fe Area 2.393 2.550 -0.157 3.154 -0.761 7/7/2008 4.044
Flagstaff 2.640 2.790 -0.150 3.100 -0.460 7/14/2008 4.250
Tucson 2.258 2.413 -0.155 2.907 -0.649 6/20/2008 3.847
Denver 1.978 2.216 -0.238 3.039 -1.061 7/17/2008 4.006
Durango 2.480 2.673 -0.193 3.192 -0.712 7/18/2008 4.221
Las Vegas 2.329 2.506 -0.177 3.089 -0.760 6/21/2008 4.279
Amarillo 1.989 2.142 -0.153 3.134 -1.145 7/16/2008 3.983
El Paso 2.348 2.498 -0.150 3.003 -0.655 7/17/2008 3.967
--------- -----
Contact Information: Contacts:
Dan Ronan
New Mexico/Texas
Ronan.dan@aaa-texas.com
danronan@sprint.blackberry.net
469-221-8217 office
469-583-7070 cell
Sarah Schimmer
Houston
Schimmer.sarah@aaa-texas.com
713-284-6552 - office
281-797-7886 - cell