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Week ending Oct. 5: Average premium gas price per gallon in ZIP Code 88240 up from previous week
In the last four weeks, the average reported price for premium gas at a ZIP Code 88240 gas station was $3.54.
In the week ending Oct. 5, the lowest reported price of premium gas in ZIP Code 88240 was $3.57.
Of the 29 reported gas stations in ZIP Code 88240, 12 offer premium gas.
According to the USPS, Hobbs is the primary area with addresses in ZIP Code 88240.
Across New Mexico, the average reported price per gallon of premium gas in the state rose to $3.71 per gallon, compared to $3.68 in the previous week.
Drivers across the U.S. have faced a rollercoaster of gas prices in recent months and years. Though the cost of a gallon of gas is dropping, experts suggest they may rise to $4 before the end of 2024.
Many analysts blame the COVID-19 pandemic for crushing oil demand and then oil production and Russia's war against Ukraine.
Gas data refers to the price of gas when paid for by cash, not credit. Gas stations can charge drivers more for using credit cards due to surcharge fees. This is prohibited in 10 U.S. states.
While data is accurate as of press time, note that gas prices can fluctuate daily or even hourly.
| Station | Address | Regular Gas | Premium Gas | Midgrade Gas | Diesel |
|---|---|---|---|---|---|
| Phillips 66 | 712 W Marland Blvd | $3.07 | $3.77 | $3.59 | - |
| Exxon | 717 W Sanger St | - | $3.59 | - | - |
| Phillips 66 | 808 E Marland St | $3.19 | $3.89 | $3.59 | $3.39 |
| Alon | 916 W Sanger St | - | $3.87 | $3.57 | - |
| Phillips 66 | 1115 S Dal Paso St | - | $3.65 | $3.35 | - |
| Phillips 66 | 1600 N Grimes St | $3.19 | $3.77 | $3.47 | $3.39 |
| Murphy Express | 1825 W Joe Harvey Blvd | $2.87 | $3.57 | $3.27 | $3.23 |
| Valero | 1832 N Turner St | - | - | - | $3.39 |
| Exxon | 2208 N Turner St | $3.19 | - | $3.49 | $3.39 |
| Valero | 2220 NW County Rd | - | - | - | $3.39 |
| Exxon | 2228 N Dal Paso St | - | - | - | $3.39 |
| Phillips 66 | 2405 N Dal Paso St | $3.19 | $3.68 | $3.38 | $3.39 |
| Phillips 66 | 3305 W Marland St | $2.93 | $3.67 | $3.37 | $3.39 |
| Phillips 66 | 3400 N Dal Paso St | $3.19 | $3.68 | $3.38 | $3.39 |
| Pilot | 3710 W Carlsbad Hwy | $2.89 | $3.68 | $3.39 | $3.69 |
| Phillips 66 | 5000 N Lovington Hwy | - | $3.69 | $3.39 | $3.23 |