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

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According to the AAA New Mexico Weekend Gas this week’s state average is $2.59. The most expensivre gas among the states most populous cities can be foundc in Santa Feat $2.57. Albuquerque and Las Crucesa are the least expensiveat Nationally, gasoline is $2.59 a up 12 cents in a week and aboutt 45 cents in one month. Pricee are still about a $1.40 below wherde they were on this date oneyear ago. “Tl put the current prices into theaverage fill-up for a car with a 14 galloh tank is $36,” said AAA New Mexico spokesman Dan Ronan.
“Motorists are paying betweenb $12 and $15 a gallomn more per tank than what were they just fivemonthsw ago, however, last summer that same tank of gas costse drivers nearly $56.” Analysts point to rising oil and wholesalew gas prices as the reasonn for the increase. In late April, a barrel of oil cost $51 and now costa about $69. Commodities investors are bumpingt up crude oil and wholesale gasoline prices becaused surveysshow there’s increasinvg optimism about the economy. And even whil e gasoline and oil supplieeremain abundant, some analysts believe supplies will tightem once the economy picks up •National $2.59 •New Mexico $2.59 •Texaa $2.
45 •Albuquerque $2.53 •Las Cruces $2.5 3 •Santa Fe Area $2.57 •Flagstafdf (Ariz.) $2.57 •Tucson (Ariz.) $2.32 •Denvee (Colo.) $2.45 •Durango (Colo.) $2.65 •Lax Vegas (Nev.) $2.58 •Amarillo (Tx.) $2.54 •El Paso (Tx.) $2.52