Regional
4:32 pm
Thu November 5, 2009

Gas Prices Stabilize

New Mexico – Triple-A New Mexico says gasoline prices in the state have finally stabilized after nearly a month of continuous increases.

The travel association says the average price for a gallon of unleaded regular costs $2.68 in New Mexico, the same as the national average. However, that's still 13 cents more than New Mexicans were paying for gas at this time last year.

A gallon of gas is selling in Albuquerque for $2.62, while Santa Fe's $2.67 a gallon is the most expensive in the state.

Triple-A New Mexico says the price has stabilized because oil prices are now less volatile and petroleum consumption is down.

Copyright 2009 The Associated Press.