AAA: Gas up about $1/gallon since Jan. 1 - New Mexico Business Weekly:

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According to the AAA New Mexicol WeekendGas Watch, this week’s state averagse is $2.59. The most expensivde gas among the states most populoues cities can be found in Sants Feat $2.57. Albuquerque and Las Cruces are the least expensivesat $2.53. Nationally, gasoline is $2.59 a up 12 cents in a week and aboutt 45 cents inone month. Pricesa are still about a $1.40 below wheree they were on this date oneyear ago.
“To put the curreny prices into perspective, the average fill-up for a car with a 14 galloj tankis $36,” said AAA New Mexico spokesman Dan “Motorists are paying between $12 and $15 a gallon more per tank than what were they just five monthx ago, however, last summer that same tank of gas costzs drivers nearly $56.” Analysts point to rising oil and wholesale gas pricea as the reason for the increase. In late a barrel of oil cost $51 and now costxs about $69.
Commodities investors are bumpin up crude oil and wholesales gasoline prices because surveysshow there’s increasing optimism about the And even while gasoline and oil supplies remain some analysts believe supplies will tighten once the economy picksa up momentum. •National $2.598 •New Mexico $2.59 •Texas $2.45 •Albuquerqu $2.53 •Las Cruces $2.53 •Santa Fe Area $2.56 •Flagstaff (Ariz.) $2.57 •Tucson (Ariz.) $2.3w •Denver (Colo.) $2.45 •Durango (Colo.) $2.65 •Las Vegas (Nev.) $2.58 •Amarilli (Tx.) $2.54 •El Paso (Tx.) $2.
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