What is the average price of gas in New Mexico right now?

For the week of October 5, 2026, regular gasoline in New Mexico is estimated at $4.09 per gallon. That figure is an estimate calculated by US Gas Gauge from EIA regional weekly prices (EIA does not publish a weekly average for this state); estimates like it have been off by 9.8¢ on average where they can be checked.

Is gas more expensive in New Mexico than the national average?

New Mexico's estimated average of $4.09 is 26.6¢ below the U.S. average of $4.35 per gallon for regular gasoline.

What is the highest gas price ever recorded in New Mexico?

EIA publishes only annual averages for New Mexico. The highest annual average (all grades) was $3.64 per gallon in 2022, and the lowest was $0.36 in 1972. This week's estimate of $4.09 is a single week, not an annual average, so it is not comparable with that record.

Are gas prices in New Mexico going up or down?

Over the latest week, the average price of regular gasoline in New Mexico fell to an estimated $4.09 per gallon. New Mexico currently ranks 20th-cheapest of the 50 states and D.C. for regular gasoline, a rank based on estimated prices for 42 of the 51.

New Mexico Gas Prices This Week

Regular gasoline in New Mexico is an estimated $4.09 a gallon for the week of October 5, 2026, 26.6¢ below the U.S. average of $4.35.

Regular, per gallon

$4.09

Since last week

1.4¢ (−0.3%)

Week of October 5, 2026 · US Gas Gauge estimate from EIA regional prices

How it’s built: New Mexico’s 2024 average was $3.02 (EIA State Energy Data System, all grades). Gulf Coast (PADD 3) regular averaged $2.89 in 2024 and $3.91 this week (EIA weekly), a +35.5% move. The same move applied to $3.02 gives $4.09.

vs. national average

26.6¢ below

The U.S. average is $4.35. New Mexico drivers pay less than the typical American.

New Mexico is the 20th-cheapest place to buy regular gas of the 50 states and D.C. — equivalently, the 32nd-most-expensive.

Ranked on current-week prices (week of October 5, 2026); 42 of the 51 are estimates, so states within 9.8¢ of each other may be in either order. Cheapest: about the same in Georgia ($3.72, est.) and South Carolina ($3.77, est.). Most expensive: about the same in Hawaii ($6.34, est.) and Alaska ($6.34, est.).

The trend

New Mexico gas prices over time

EIA publishes only a yearly average for New Mexico, so this shows the annual history; the most recent point is the current regional estimate, matching the headline above. Values before 2000 are approximate. Toggle between the price at the pump and constant 2025 dollars.

New Mexico · regular

$4.09 as of October 5, 2026 · estimated · annual

View the data (56 points · annual)

New Mexico regular prices for the selected range, at the pump and in 2025 dollars
Date	Nominal	2025 $
1970 *	$0.37	$3.05
1971 *	$0.37	$2.95
1972 *	$0.36	$2.81
1973 *	$0.38	$2.78
1974 *	$0.53	$3.46
1975 *	$0.59	$3.53
1976 *	$0.60	$3.37
1977 *	$0.64	$3.38
1978 *	$0.66	$3.27
1979 *	$0.86	$3.82
1980 *	$1.20	$4.69
1981 *	$1.37	$4.87
1982 *	$1.33	$4.44
1983 *	$1.15	$3.71
1984 *	$1.14	$3.53
1985 *	$1.14	$3.42
1986 *	$0.88	$2.58
1987 *	$0.93	$2.65
1988 *	$0.93	$2.53
1989 *	$1.03	$2.68
1990 *	$1.15	$2.85
1991 *	$1.14	$2.69
1992 *	$1.17	$2.68
1993 *	$1.23	$2.75
1994 *	$1.21	$2.62
1995 *	$1.18	$2.50
1996 *	$1.27	$2.60
1997 *	$1.26	$2.54
1998 *	$1.08	$2.14
1999 *	$1.18	$2.29
2000	$1.49	$2.79
2001	$1.42	$2.59
2002	$1.35	$2.42
2003	$1.54	$2.70
2004	$1.82	$3.11
2005	$2.28	$3.76
2006	$2.58	$4.13
2007	$2.83	$4.40
2008	$3.19	$4.78
2009	$2.33	$3.49
2010	$2.74	$4.04
2011	$3.46	$4.96
2012	$3.52	$4.94
2013	$3.42	$4.72
2014	$3.26	$4.43
2015	$2.28	$3.11
2016	$2.05	$2.75
2017	$2.32	$3.05
2018	$2.56	$3.29
2019	$2.38	$3.00
2020	$1.95	$2.42
2021	$2.80	$3.33
2022	$3.64	$4.01
2023	$3.21	$3.40
2024	$3.02	$3.10
2026 *	$4.09	$3.94

Analysis

What sets New Mexico gas prices

In the EIA’s July 2026 (revised August 2026) table of motor fuel taxes, New Mexico’s state taxes and fees on gasoline total 18.9¢ a gallon, the 3rd-lowest of the 50 states and D.C. The 51-jurisdiction average is 33.8¢, and the federal tax adds 18.4¢ everywhere. The state last raised its gasoline tax in 1993, from 16¢ to 22¢ a gallon, and later lowered it to the current 17¢. A petroleum products loading fee adds about 1.9¢ a gallon. Local option taxes are allowed by law, but the EIA reports none in effect.

New Mexico has one operating refinery, HF Sinclair’s Navajo refinery at Artesia in the southeast, with 110,000 barrels a day of capacity in the EIA’s January 2026 count, near the Permian Basin oil fields. The EIA places New Mexico in its Gulf Coast region (PADD 3), though the Albuquerque and Santa Fe markets are far from the coast.

In the EIA’s annual data, New Mexico went from above average to below. Its average gap was 3.4¢ above the U.S. figure in the 2000s, when it ranked 36th in 2005 and 42nd in 2007. It has been below the national average every year since 2012, by 23.9¢ on average in 2020–2024, and ranked eighth cheapest in 2020 and 2024. New Mexico’s record annual average is $3.64 in 2022. Adjusted for inflation, the most expensive year was 2011, at $4.96 in 2025 dollars. The largest one-year decline was 2015, when the annual average fell 97.2¢.

The Gulf Coast region’s weekly data for 2004–2025 show prices lowest in January (9.0% below the year’s mean) and highest in June (6.5% above).

A note on the annual figures: for states without a weekly EIA survey, the EIA’s State Energy Data System estimates each year after 2010 by applying the change in the state’s region to its 2010 price, so year-to-year moves since 2011 reflect the region rather than events within the state.

Sources: state price figures are EIA State Energy Data System annual averages and regional figures are EIA weekly retail data, from our database; other facts are from the sources listed here.

At the pump today

Current average

EIA does not publish separate weekly grade or diesel prices for New Mexico. The headline above is an estimate for the current week; EIA’s most recent published annual average for New Mexico was $3.02 in 2024. For live grade-level pricing, see a weekly-reporting state such as California.

Extremes on record

Highest and lowest annual averages

This week’s estimate of $4.09 is above every annual average EIA has published for New Mexico: an annual average smooths out the weeks when prices peak, so a single week can run higher.

Highest annual average

$3.64

2022 (annual average)

Lowest annual average

$0.36

1972 (annual average)

How the neighborhood compares

New Mexico vs. the nation and its neighbors

Latest comparable annual state averages for motor gasoline, all grades (2024, EIA SEDS) — a consistent all-51 basis, distinct from the current-week estimate above.

New Mexico

$3.02

United States

$3.29

$3.80

$3.13

$3.04

$2.88

$3.33

Common questions

New Mexico gas prices, answered

What is the average price of gas in New Mexico right now?: For the week of October 5, 2026, regular gasoline in New Mexico is estimated at $4.09 per gallon. That figure is an estimate calculated by US Gas Gauge from EIA regional weekly prices (EIA does not publish a weekly average for this state); estimates like it have been off by 9.8¢ on average where they can be checked.
Is gas more expensive in New Mexico than the national average?: New Mexico's estimated average of $4.09 is 26.6¢ below the U.S. average of $4.35 per gallon for regular gasoline.
What is the highest gas price ever recorded in New Mexico?: EIA publishes only annual averages for New Mexico. The highest annual average (all grades) was $3.64 per gallon in 2022, and the lowest was $0.36 in 1972. This week's estimate of $4.09 is a single week, not an annual average, so it is not comparable with that record.
Are gas prices in New Mexico going up or down?: Over the latest week, the average price of regular gasoline in New Mexico fell to an estimated $4.09 per gallon. New Mexico currently ranks 20th-cheapest of the 50 states and D.C. for regular gasoline, a rank based on estimated prices for 42 of the 51.

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