COORS THE BIG I, THAT DRIVE WILL ALSO TAKE YOU ABOUT 12 MINUTES. IF YOU’VE NOTICED CHEAPER GAS AT THE PUMP LATELY, YOU’RE NOT IMAGINING IT. IT’S BEEN NICE TO SEE PRICES ARE NOW AT THEIR LOWEST SINCE MARCH OF 2021, GIVING DRIVERS SOME WELCOME RELIEF. ALYSSA MUNOZ IS LIVE FOR US THIS MORNING WITH A CLOSER LOOK AT WHAT’S DRIVING THIS AND WHAT YOU CAN EXPECT IN THE MONTHS AHEAD. GOOD MORNING ALYSSA. GOOD MORNING. WILL THE NATIONAL AVERAGE FOR A GALLON OF GAS HAS DROPPED TO 2.73, ACCORDING TO GASBUDDY. NOW THAT’S NEARLY $0.30 LOWER THAN WHAT IT WAS AROUND THIS TIME LAST YEAR. EXPERTS SAY PRICES ARE EXPECTED TO STAY BELOW $3 FOR MOST OF THE SOUTH AND THE GULF COAST. HERE IN NEW MEXICO, PRICES HAVE GONE UP AND DOWN IN RECENT WEEKS. THE STATEWIDE AVERAGE IS NOW 2.53. IN ALBUQUERQUE IT’S $0.01 LESS, AND IN SANTA FE IT’S 245 A GALLON. ANALYSTS SAY SEASONAL DEMAND AND AMPLE FUEL SUPPLIES ARE DRIVING THE OVERALL DROP, THOUGH UNCERTAINTY IN GLOBAL MARKETS, INCLUDING OIL FROM VENEZUELA, COULD AFFECT PRICES IN THE UPCOMING MONTHS. NOW, EXPERTS SAY THEY ARE EXPECTING PRICES TO STAY LOW, BUT THAT COULD ALWAYS CHAN
Gas prices hit lowest levels since March 2021
National average for a gallon of gas dropped to $2.73, according to GasBuddy
Gas prices have reached their lowest point since March 2021, with the national average for a gallon of gas dropping to $2.73, according to GasBuddy.That’s down nearly 30 cents from this time last year. Experts say prices are expected to stay below $3 a gallon for much of the South and Gulf Coast. Here in New Mexico, prices have fluctuated in recent weeks. The statewide average is now $2.53. In Albuquerque, it’s one cent less, and Santa Fe is $2.45 a gallon. 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Analysts say seasonal demand and ample fuel supplies are driving the overall drop, though uncertainty in global markets, including oil from Venezuela, could affect prices in the coming months. For now, experts say prices will stay low, but things could change as oil prices inch higher.
Gas prices have reached their lowest point since March 2021, with the national average for a gallon of gas dropping to $2.73, according to GasBuddy.
That’s down nearly 30 cents from this time last year. Experts say prices are expected to stay below $3 a gallon for much of the South and Gulf Coast. Here in New Mexico, prices have fluctuated in recent weeks. The statewide average is now $2.53. In Albuquerque, it’s one cent less, and Santa Fe is $2.45 a gallon.
Analysts say seasonal demand and ample fuel supplies are driving the overall drop, though uncertainty in global markets, including oil from Venezuela, could affect prices in the coming months. For now, experts say prices will stay low, but things could change as oil prices inch higher.
