New Mexico Gas Report: $3.231

When inflation is at a 40-year high, the Supreme Court just pantsed you for egregious government overreach, members of your own party scoffed at your attempted power grab via filibuster reform, your “Build Back Better” socialist spending bill is dead in the water, and your approval rating hit George W. Bush levels at a diaper soiling 33%, it should come as no surprise that the Biden Administration is touting gas prices as some sort of victory.

It’s not, of course. The five-cent decrease in gas prices from a month ago is still nearly a dollar higher today than it was a year ago, when Biden took office, but you have to play the cards that you deal yourself, and Biden keeps dealing himself beer hands.

For an administration that can’t seem to get anything right, it’s no surprise that Biden has heralded the recent decline in gas prices as a major policy victory.

But context matters. Gas prices in New Mexico have fallen, but they’ve only fallen to October 2021 levels, and they remain nearly a dollar higher than they were a year ago, according to GasPrices.AAA.com.

Gas Prices in New Mexico as of January 14, 2022

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