october 25—Santa Fe gasoline prices dropped 11 cents for the week to $3.68 for a gallon of regular unleaded fuel Thursday, the AAA New Mexico Weekend Gas Watch reported.
Santa Fe prices had been creeping up the past month after bottoming out at $3.53 on Sept. 15, reaching $3.79 on Oct. 13.
“The release of crude oil from the Strategic Petroleum Reserve could help to cap crude oil price increases and keep pump prices trending downward,” AAA New Mexico spokesman Daniel Armbruster said.
The statewide average price was $3.71 per gallon, 13 cents below the national average of $3.84. Albuquerque had the cheapest gas among New Mexico metros at $3.63, a 15-cent drop from the prior week, while Las Cruces saw only a 3-cent decrease to $3.72 and Farmington inched down only 1 cent to $3.96, AAA reported.