Lowering gas prices: Motorist benefit the most
LNA, October 21, 2014 Albuquerque motorists are enjoying some welcome relief at the gas pumps, with average gasoline prices hitting nearly a five-year low on Monday in New Mexico and nationwide. Gas Prices on the decline The average price per gallon statewide for regular unleaded gas reached $2.95 on Monday, according to AAA. That’s down 12 cents from just one week ago, and 23 cents compared to this time last year. It’s a nationwide trend that’s bringing pump relief to consumers in all states, although New Mexico is faring particularly well. The average price per gallon nationally hit $3.10 per gallon on Monday, down from $3.20 a week ago and $3.35 last year, said AAA Texas/New Mexico representative Doug Shupe. “Global oil prices have moved sharply lower over the last several weeks, and pump prices have followed suit,” Shupe said. “The national average price of gas has now dipped for 25 days in a row. These are the lowest pump prices nationally that we’ve seen since early 2011.” Motorist relieved by the price cut Albuquerque motorists were enjoying the price declines at the Moon Mart gas station in the Northeast Heights. “It’s really helping a lot,” said David Pratt, who said he’s spending about $5 less now to fill up his car compared with a few weeks ago. “I earn minimum wage, and it’s hard to stay on top of car insurance, rent, car payments and other things. Normally, I pay a little over $30 to fill up, but now it’s like $25, so that’s great.” Rachel Shelby, a 26-year-old medical techn... MORE
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