Regional
11:19 am
Thu January 21, 2010

Gas Prices Stabilize

New Mexico – AAA New Mexico says gasoline prices are holding steady in New Mexico as demand remains sluggish and oil prices drop below $78 a barrel.

The organization says prices in New Mexico have dropped less than a penny week to week, leaving the average price for a gallon of unleaded regular gasoline at $2.72.

Nationally, the price is $2.74.

AAA says the least-expensive gasoline in New Mexico is in Albuquerque at $2.63 a gallon. Santa Fe has the most expensive at $2.70 a gallon.

Still, AAA spokesman Dan Ronan in Irving, Texas, says motorists are paying $12 more per tank for a typical 14-gallon fill-up than they did at this time last year.

Copyright 2010 The Associated Press.