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New Mexico Gas Prices Drop Below $4
Description
Gas prices in New Mexico hit a four-month low as drivers breathe easier, with the statewide average dropping to $3.97 per gallon — the first time since April 5 it’s been under $4. Santa Fe saw the biggest plunge, falling from $4.23 to $4.01, while Albuquerque dropped from $4.13 to $3.91. Even Farmington, the priciest city, saw prices fall from $4.38 to $4.24. Experts credit lower crude oil prices below $100 a barrel, but caution that summer volatility — including geopolitical risks like the Strait of Hormuz — could still send prices swinging unpredictably.
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