Surging Gas Prices

Gasoline prices have been surging upwards during the past two weeks.

Currently, a gallon of unleaded regular in the Gallup, New Mexico area is around $3.099. Luckily for me, I filled my gas tank last week at $2.779/gallon in Gallup. Thank goodness I get around 30 miles per gallon with the Mustang.

If New Mexico Gov. Michelle Lujan Grisham signs S.B. 41 (gas tax bill) into law (if she hasn't done so already) that the Democrats passed during this year's legislative session, we could see at least fifty cents a gallon more at the pump. So, take $3.099/gallon and add fifty cents to it, New Mexico drivers would be paying $3.599/gallon.

According to Forbes:

TOPLINE The national average price for a gallon of gasoline hit a four-month high on Wednesday, and analysts expect it to keep rising as oil prices trend upward, refineries struggle with capacity and states transition to a more expensive summer fuel blend, though prices are far from where they were at their mid-2022 peak.

KEY FACTS

Drivers in the U.S. are paying roughly $3.31 for a gallon of gas on Wednesday, according to data from GasBuddy, while AAA puts the price slightly lower, at an average of $3.29.

We have a mothballed refinery here in Jamestown, New Mexico. It has been shut down since 2020. 

People in New Mexico need to contact the governor and demand that she veto S.B. 41! 

To read more, go here.