The other day, I noticed that the local Flying J Travel Center's unleaded regular price was at $3.899/gallon.
I checked with their online price listings and it is still the same. Gasoline was holding steady at around $3.699 until this past week.
According to Fox Business:
Inflation increased to 3.7% in August, posting the most significant month-to-month rise since June 2022, according to the Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS).
The annual inflation rate rose in August, up from 3.2% in July, and it increased by 0.6% on a monthly basis, but economists largely anticipated the jump. Economists surveyed by Reuters were looking for respective increases of 3.6% and 0.6%.
Rising prices at the gas pump, which soared by more than 10% in August, were a major contributor to the monthly increase, accounting for more than half of the rise. Rising oil prices and the extreme heat in the Gulf Coast region, which slowed refinery and output activity, are why gas prices reversed course from previous months.
Since I have to drive my RV to Ridgway, Colorado next week, this price hike comes at an inopportune time. Hopefully, it'll drop between now and then.
Still, New Mexico's prices are much lower than those in Tarzana, California which ranges from $5.409 to $6.009/gallon.
To read more, go here.
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