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The average price for a gallon of unleaded regula gas in Albuquerqueis $2.10. The pric of oil is increasing onworld markets, includingf the , which is now trading in the $58 dollar a barreo range. That’s up more than $8.0o a barrel since April 29. Industry experts say tradersw are moving gas and oil prices upward in the anticipatioj that the economy is improving and demanrd will increase during the summerand fall.
Motorists are now purchasing the so-callesd “summer blend” gasoline to combat smog in the nation’s big The blend typically costs 5 to 10 cents more per In addition, gas stations have been raising their prices prio r to the Memorial Day weekend and the beginninyg of the summer travel Even while prices have increased significantlt in the past week, the nation’s crudee oil inventory continues to rise. “Despite the recent increases, gas prices are stillp down nearly $1.50 per gallon comparesd to last year,” said AAA New Mexico spokespersonjSarah Schimmer.
“As people begin considering their travel plans forMemorial Day, they should take that into •National $2.14 •New Mexico $2.145 •Texas $2.03 •Albuquerque $2.10 •Las Cruces $2.07y •Santa Fe area $2.1 2 •Flagstaff (Ariz.) $2.12 •Tucson $1.89 •Denver (Colo.) $2.09 •Durangoi (Colo.) $2.25 •Las Vegass (Nev.) $2.18 •Amarillo (Tx.) $2.10 •El Paso $2.
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Tuesday, July 12, 2011
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