Gas Prices in New Mexico
The average price of a gallon of regular gasoline, how it’s moving, and how New Mexico stacks up against the rest of the country.
Week of July 27, 2026 · estimated from regional trend
23.7¢ below
The U.S. average is $4.10. New Mexico drivers pay less than the typical American.
New Mexico is the 17th-cheapest place to buy regular gas of 51 states and D.C. — equivalently, the 35th-most-expensive.
Ranked on current-week prices (week of July 27, 2026). Cheapest: Georgia ($3.63). Most expensive: Hawaii ($5.78).
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.
View the data (56 points · annual)
| Date | Nominal | 2025 $ |
|---|---|---|
| 1970-01-01 * | $0.35 | $2.93 |
| 1971-01-01 * | $0.36 | $2.83 |
| 1972-01-01 * | $0.35 | $2.70 |
| 1973-01-01 * | $0.37 | $2.67 |
| 1974-01-01 * | $0.51 | $3.33 |
| 1975-01-01 * | $0.57 | $3.40 |
| 1976-01-01 * | $0.57 | $3.24 |
| 1977-01-01 * | $0.61 | $3.25 |
| 1978-01-01 * | $0.64 | $3.15 |
| 1979-01-01 * | $0.83 | $3.68 |
| 1980-01-01 * | $1.15 | $4.50 |
| 1981-01-01 * | $1.32 | $4.68 |
| 1982-01-01 * | $1.28 | $4.27 |
| 1983-01-01 * | $1.10 | $3.57 |
| 1984-01-01 * | $1.10 | $3.40 |
| 1985-01-01 * | $1.10 | $3.29 |
| 1986-01-01 * | $0.84 | $2.48 |
| 1987-01-01 * | $0.90 | $2.54 |
| 1988-01-01 * | $0.90 | $2.44 |
| 1989-01-01 * | $0.99 | $2.58 |
| 1990-01-01 * | $1.11 | $2.74 |
| 1991-01-01 * | $1.09 | $2.59 |
| 1992-01-01 * | $1.12 | $2.58 |
| 1993-01-01 * | $1.20 | $2.67 |
| 1994-01-01 * | $1.17 | $2.54 |
| 1995-01-01 * | $1.15 | $2.42 |
| 1996-01-01 * | $1.23 | $2.52 |
| 1997-01-01 * | $1.23 | $2.46 |
| 1998-01-01 * | $1.05 | $2.07 |
| 1999-01-01 * | $1.15 | $2.22 |
| 2000-01-01 | $1.45 | $2.71 |
| 2001-01-01 | $1.38 | $2.51 |
| 2002-01-01 | $1.31 | $2.35 |
| 2003-01-01 | $1.50 | $2.62 |
| 2004-01-01 | $1.77 | $3.02 |
| 2005-01-01 | $2.22 | $3.66 |
| 2006-01-01 | $2.52 | $4.02 |
| 2007-01-01 | $2.78 | $4.32 |
| 2008-01-01 | $3.16 | $4.73 |
| 2009-01-01 | $2.31 | $3.47 |
| 2010-01-01 | $2.73 | $4.03 |
| 2011-01-01 | $3.46 | $4.95 |
| 2012-01-01 | $3.52 | $4.93 |
| 2013-01-01 | $3.41 | $4.71 |
| 2014-01-01 | $3.25 | $4.42 |
| 2015-01-01 | $2.28 | $3.10 |
| 2016-01-01 | $2.05 | $2.75 |
| 2017-01-01 | $2.32 | $3.05 |
| 2018-01-01 | $2.56 | $3.29 |
| 2019-01-01 | $2.38 | $3.00 |
| 2020-01-01 | $1.95 | $2.42 |
| 2021-01-01 | $2.80 | $3.33 |
| 2022-01-01 | $3.64 | $4.01 |
| 2023-01-01 | $3.22 | $3.40 |
| 2024-01-01 | $3.02 | $3.10 |
| 2026-07-27 * | $3.86 | $3.96 |
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.
The highs and lows
New Mexico vs. the nation and its neighbors
Latest comparable annual state averages for regular gasoline (2024, EIA SEDS) — a consistent all-51 basis, distinct from the current-week estimate above.
New Mexico gas prices, answered
- What is the average price of gas in New Mexico right now?
- As of the week of July 27, 2026 (estimated from regional trends), the average price of regular gasoline in New Mexico is $3.86 per gallon, according to U.S. Energy Information Administration data.
- Is gas more expensive in New Mexico than the national average?
- New Mexico's average of $3.86 is 23.7¢ below the U.S. average of $4.10 per gallon for regular gasoline.
- What is the highest gas price ever recorded in New Mexico?
- The highest average regular gasoline price recorded for New Mexico in this series was $3.64 per gallon in 2022. The lowest was $0.35 in 1972.
- Are gas prices in New Mexico going up or down?
- Over the latest week, the average price of regular gasoline in New Mexico rose to $3.86 per gallon. New Mexico currently ranks 17th-cheapest of 51 states and D.C. for regular gasoline.