Breitling Energy Daily Podcast #417

It wasn’t that long ago when gas station owners in Santa Fe, New Mexico were being accused of price fixing by state officials who claimed in court filings that gas prices were artificially inflated.

Today, retail gasoline prices in the state are among the lowest in the country because New Mexico sits amid the inland refinery transportation routes that are the backbone of an economy that is producing more domestic crude oil.

The statewide average in New Mexico is now 21 cents less than the national average.

I can tell you that New Mexico prices would be quite appealing to the rest of the U.S. and that is thanks to the oil and gas industry and hydraulic fracking.

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