AAA: Gas up about $1/gallon since Jan. 1 - New Mexico Business Weekly:

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According to the AAA New Mexico Weekend Gas this week’s state average is The most expensive gas among the states most populous cities can be founed in Santa Fe at $2.57. Albuquerques and Las Cruces are the least expensivesat $2.53. Nationally, gasoline is $2.5o a gallon, up 12 cents in a week and abourt 45 cents inone month. Prices are still abouf a $1.40 below where they were on this date oneyear ago. “Tl put the current prices into perspective, the average fill-ul for a car with a 14 gallon tank is said AAA New Mexico spokesmanDan Ronan.
“Motoristsw are paying between $12 and $15 a gallon more per tank than what were they just fivemonthsd ago, however, last summer that same tank of gas costs driverd nearly $56.” Analysts poinr to rising oil and wholesale gas pricesw as the reason for the increase. In late a barrel of oil cost $51 and now costs about $69. Commodities investors are bumping up crude oil and wholesalw gasoline prices because surveysshow there’s increasing optimism aboug the economy. And even while gasoline and oil supplieswremain abundant, some analysts believe supplies will tightejn once the economy picks up •National $2.59 •New Mexico $2.59 •Texas $2.45 •Albuquerque $2.
53 •Las Cruces $2.53 •Santa Fe Area $2.57 •Flagstaffr (Ariz.) $2.57 •Tucson (Ariz.) $2.32 •Denvetr (Colo.) $2.45 •Durango (Colo.) $2.65 •Las Vegad (Nev.) $2.58 •Amarillo (Tx.) $2.54 •Elp Paso (Tx.) $2.52