New Mexico Gas Prices Hit All-Time High

From KOB-TV:

The statewide gas price average in New Mexico is $4.18 for a gallon of regular unleaded fuel, according to AAA New Mexico. That price is 55 cents more compared to Thursday last week and $1.37 more per gallon than on this day last year.

Of the major metropolitan areas surveyed in New Mexico, drivers in Farmington are paying the most on average at $4.33 per gallon, while drivers in Santa Fe are paying the least at $4.12 per gallon.

KOB 4 asked the New Mexico Oil & Gas Association why prices are increasing so quickly.

"President Biden has spent the last year telling the oil and gas industry that there's not going to be a future for oil and gas in our country, and that the administration is committed to transitioning away from that," Robert McEntyre, spokesperson for the NMOGA, said. "So I think what you're seeing today is the result of those policies – not investing, not doubling down on oil and gas, and how that actually impacts consumers."

Officials also echoed what AAA said in October – that gas prices are only going to get higher.

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