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New Mexico Gas Up Another Penny |
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Written by John Fleck
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last updated Wednesday, July 02, 2008, at 08:54:44
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New Mexico gas is up to $4.014, according to AAA.
That's nearly a penny above yesterday, when we cross the $4 threshhold. (That's a statewide average.) (Numbers from AAA Fuel Gauge report , suddenly this reporter's favorite web site.) Where does your $4 go? - crude oil $3.067
- refining: 38 cents
- state tax: 18.9 cents
- federal tax: 18.4 cents
- distribution and marketing 18 cents
Crude oil is holding stead this morning at just above $140 a barrel, but if you're looking for something to worry about, try soybeans instead. A conspiracy of flooding in the Midwest, changing cropping patterns (think ethanol) and that ever-present price of oil has driven soybean futures this morning to near record levels.
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