Gas Prices in New Mexico Today
Updated weekly from the US Energy Information Administration. New Mexico is part of the Gulf Coast (PADD 3) supply region.
Current Gas Prices
Regular
N/A
per gallon
Midgrade
N/A
per gallon
Premium
N/A
per gallon
Diesel
N/A
per gallon
Price data not yet available for New Mexico. Add your EIA API key in .env to enable live prices.
New Mexico Gas Tax: 17¢ per gallon
New Mexico charges 17 cents per gallon in state excise tax, plus the federal 18.4¢/gal tax. Total tax burden: 35.4¢/gal. This relatively low tax helps keep New Mexico gas prices competitive.
Cheapest Gas Stations in New Mexico
Compare with Neighboring States
Frequently Asked Questions About New Mexico Gas Prices
What is the average gas price in New Mexico right now?▾
Gas prices in New Mexico are updated weekly. Check back soon for the latest statewide average, or browse our city pages for the most current local data. Historically, New Mexico prices track closely with the Gulf Coast regional average.
What is the gas tax in New Mexico?▾
New Mexico charges approximately 17 cents per gallon in state excise taxes on gasoline. The federal gas tax adds another 18.4 cents per gallon, bringing the combined tax burden to roughly 35.4 cents per gallon. New Mexico's state tax is below the national average, which helps keep pump prices relatively low.
When is the cheapest day to buy gas in New Mexico?▾
Nationally, Monday and Tuesday tend to offer the lowest gas prices, while Friday and Saturday are often the most expensive as weekend demand rises. In New Mexico, patterns follow similar trends. Prices also fluctuate based on crude oil markets, which reset each week. Checking prices early in the week can save you several cents per gallon.
How does New Mexico gas compare to neighboring states?▾
New Mexico borders colorado, utah, arizona, and prices across state lines can vary by 5–30 cents per gallon depending on each state's gas tax, refinery access, and local competition. New Mexico's PADD 3 regional supply chain primarily influences local prices. Drivers near state borders may find it worthwhile to cross state lines for a fill-up if price differentials are significant.
Why do gas prices change so frequently in New Mexico?▾
Gas prices in New Mexico react to several factors: crude oil futures (the biggest driver), local refinery output, seasonal fuel blend mandates, transportation costs to Santa Fe, and local retailer margins. Prices typically update weekly or more frequently when crude markets are volatile. Summer-blend gasoline, which is more expensive to produce, also raises prices from spring through Labor Day.
How can I find the cheapest gas station in New Mexico?▾
Use our station finder on any city page to see real-time prices at nearby stations. Apps like GasBuddy can also show crowdsourced prices. In general, warehouse clubs (Costco, Sam's Club) and hypermarket fuel centers (Walmart, Kroger) consistently offer prices 5–15 cents below branded stations in New Mexico. Avoid gas stations directly off major interstates, which typically charge a convenience premium.
Does New Mexico require reformulated gasoline?▾
Some metro areas within New Mexico may have seasonal or year-round reformulated gasoline requirements under EPA standards. Check the EPA's RFG locator for specific New Mexico counties. Outside designated RFG areas, conventional gasoline is sold at lower cost.
What fuel grade should I use for my car in New Mexico?▾
Most vehicles on the road today are designed for regular 87-octane unleaded gasoline. Check your owner's manual — only use premium (91+) if your vehicle requires or recommends it. Using premium when regular is specified wastes money without performance benefit. Midgrade (89 octane) is rarely the optimal choice for any modern vehicle.
Understanding Gas Prices in New Mexico
Gas prices in New Mexico are influenced by several regional factors including proximity to refineries, pipeline infrastructure, state regulations, and seasonal fuel blend requirements. New Mexico sits in the PADD 3 supply region (Gulf Coast), which means local prices largely trackGulf Coast refinery output.
The New Mexico state excise tax of 17¢ per gallon is among the lowest in the nation, adding approximately $0.17 to every gallon sold at the pump. On a 15-gallon fill-up, New Mexico drivers pay about $5.31 in combined state and federal fuel taxes.
Prices vary significantly across New Mexico's cities and regions. Urban areas like Santa Fe tend to have more competition between gas stations, which can keep prices closer to the state average. Rural areas may see prices 10–20¢ higher due to fewer competing stations and higher delivery costs.