Cheap gas prices are oh so December.

The $1.94 per gallon median price for unleaded fuel in Santa Fe just before Christmas is now a distant memory. New Mexico hit a 31-month high Thursday, with the median price statewide and in Santa Fe at $2.82 per gallon, according to the AAA New Mexico Weekend Gas Watch.

Santa Fe gas prices soared 21 cents over the previous week, the highest jump among the state’s four metropolitan areas. The median price in Albuquerque was $2.80, up 11 cents from the prior week; $2.79 in Las Cruces, up 9 cents; and $2.88 in Farmington, up 13 cents, according to AAA.

Even the cheapest gasoline in the country in Mississippi was $2.50 per gallon. New Mexico on Thursday had the 17th most expensive gas in the nation, according to AAA.

AAA attributes the climbing crude oil prices to the “surprise decision” by OPEC and its allies to mostly maintain current production cuts through April.

“Gas prices are expected to keep rising in the coming days as crude oil prices climb,” AAA New Mexico spokesman Daniel Armbruster said last week. “As a result, New Mexicans are paying the highest gas prices in just about three years.”

(15) comments

Peter Wyman

Hey Zach: If you put a period and a space after each sentence, you don't have to write each sentence in a separate post. Try it.

David Gunter

5-1/2 years ago our solar PV array went live and we haven't had an electric bill sense. Two years ago I bought an electric car (charging for free at home) and I only buy gas now when I need to borrow a truck every once in awhile. A future without fossil fuels is possible and higher prices will only make it arrive sooner than later.

Joseph Tafoya

Mr. Miller is right the US Tax Code does allow for subsidizing for corporations that deal with fossil fuels. Primarily coal, natural gas, and petroleum. According to information out there roughly $20 billion in direct subsidies are allowed. Approximately 20% to coal and 80% to natural gas and petroleum. Roughly 11% of our energy comes from coal, 32% from natural gas, 37% petroleum, 8% from nuclear power, and 11% renewable energy. My question to Mr. Miller. Given that roughly 11% of our energy comes from renewable energy would he be happy with higher prices for fossil fuels? Would he be willing to pay higher prices for his use of energy from fossil fuels? Of course this would mean when filling his tank with gas, heating and cooling his home, buying products that are made with fossil fuels, paying higher prices at the grocery store. Since many of the products used to capture and produce renewable energy are made with fossil fuels that cost would increase too. Education will be impacted too since royalties that are paid to the government will be reduced because the incentive for drilling is gone. That means higher taxes to recover some of those funds. Higher fuel costs will have a direct and indirect impact on everyone. Especially the least that can afford it. So the idea that subsidies are a bad thing has some falsies.

zach miller

I would be willing to allow the market to take on renewables as their main source of energy production because tax payers stopped rigging the market to benefit billionaires and their outdated energy systems.

zach miller

if subsidies actually benefitted poor people and not the billionaires who own the fuel companies than maybe your point would be valid. But since poor people pay the highest percent of their income on tax, and still have to pay for overpriced oil when the ceo decides he wants a raise, it only benefits one class of person.

Plus, having goods made will fossil fuels is a detriment to everyone who is alive in the next 50 years, so again, just pretending something is a good thing, doesn't make it good.

zach miller

"we can't end subsidies else CEOs will raise gas prices"

meanwhile: *CEO raises gas prices anyway*

zach miller

I would bet any source of energy that is bailed out by tax payers as much as fossil fuel is would have a large percentage of the market. Lets see how they handle actually needing to respond to market forces, and needing to compete with renewables.

zach miller

If they are going to raise prices, maybe the tax payer should stop subsidizing gas to begin with. Why are we paying billions of dollars a year, just so they raise the price for their own personal profit anyway?

Richard Reinders

The price went up because the new President killed the pipeline and ability to get more drilling permits on federal land. Before Biden we were energy independent, now we will have to buy foreign oil and be at the whim of OPEC. What you will be spending on tax’s going forward will make the gas price look cheap.

Bonnie Cox

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zach miller

oil companies costs are subsidized by poor people to avoid effects of real market forces, they raised the cost because they wanted to profit.

Richard Reinders

Cause and effect I was buying $1.98 a gal diesel before Biden and now buying $3,19 diesel after Biden and going up and if you don't think one or dollars a gal doesn't hurt the poor more than subsadies. Do your reseach

Richard Reinders

the top wage earners are paying those gas subsadies not the poor

zach miller

funny because the tax payers subsidize gas prices to the tune of billions of dollars a year so gas prices can be as low as they are already.

Peter Romero

Just wait for the new gas tax to hit.

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