New Mexico Gas Tax
Currently, the excise gas tax in New Mexico is just $0.17 per gallon, making it one of the most affordable places to buy gas in the U.S.
Written by Liz Jenson
Reviewed by Jessica Barrett
As of September 2022, the excise gas tax in New Mexico sits at $0.17 per gallon, making this state one of the more affordable places to buy gas in the United States.
Rising gas prices have plagued all U.S. drivers in the past few years, but New Mexico is doing its best to combat these high prices. Still, even with one of the lowest gas tax rates in the country, New Mexico has seen a rise in gas prices just like every other state. So, how does the gas tax work, and are there any tax relief options?
Fortunately,
Jerry
, the trusted broker app that helps drivers save on car insurance
, is here to walk you through the gas tax in New Mexico. Let’s take a look at how your state compares to others—and how you can save on other car-related expenses, like your New Mexico car insurance costs
, to offset the extra cash you’re spendingHow much is the New Mexico gas tax?
As of September 2022, the excise tax on gas in New Mexico is $0.17 per gallon of unleaded gasoline. Excise tax refers to any tax imposed on a manufacturer of a good, service, or activity, meaning the gas station is charged this tax before you even enter the parking lot.
On top of the excise tax, there is also an additional tax of $0.02 per gallon. This is the petroleum loading fee, which is charged at the point of sale based on how much gas you buy. This brings the total payable gas tax in New Mexico to $0.19 per gallon.
Keep in mind that diesel fuel has a higher excise tax of $0.21 per gallon, bringing the total payable gas tax on diesel fuel to $0.23 per gallon.
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Are there gas tax relief options in New Mexico?
With the gas tax rate already sitting so low, it’s pretty unlikely that the New Mexico gas tax will change in the coming year. In fact, this idea is pretty low on the list of economic relief priorities in New Mexico right now.
With that being said, gas tax relief is already being offered to New Mexican citizens in the form of tax rebates. In 2021, these rebates went to the following demographics:
- Married couples filing jointly (up to $500 in rebates)
- Heads of household and surviving spouses with an adjusted gross income of up to $150,000
How high are gas prices in New Mexico?
Currently, the average price for a gallon of regular unleaded gasoline in New Mexico is
$3.646 per gallon, but this number may not reflect the actual cost of gas in your city.
In Santa Fe, for example, the average gallon of gas costs $3.678, which is pretty close to the average price of $3.672 that you’ll see in Albuquerque. In Roswell, however, it’s just $3.599 for a gallon of gas, and in Las Cruces, it’s only $3.527. If you venture out to Raton, you might see even a gallon for as low as $3.369.
In short, gas prices really depend on where you are, even if the gas tax is the same all over the state.
MORE: New Mexico electric vehicle incentives
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Which states have the highest gas tax?
Compared with other states in the U.S., New Mexico’s gas tax is among the lowest in the country. States with notably higher gas taxes include Philadelphia, California, and Washington State.
Check out the following table for the gas tax rates in all 50 states as of September 2022:
State | Gas tax |
|---|---|
Alabama | $0.28 per gallon |
Alaska | $0.0895 per gallon |
Arizona | $0.18 per gallon |
Arkansas | $0.245 per gallon |
California | $0.539 per gallon |
Colorado | $0.22 per gallon |
Connecticut | $0.0 per gallon |
Delaware | $0.23 per gallon |
District of Columbia | $0.235 per gallon |
Florida | $0.334 per gallon |
Georgia | $0.0 per gallon |
Hawaii | $0.16 per gallon |
Idaho | $0.32 per gallon |
Illinois | $0.392 per gallon |
Indiana | $0.33 per gallon |
Iowa | $0.24 to $0.305 per gallon |
Kansas | $0.240 per gallon |
Kentucky | $0.246 per gallon |
Louisiana | $0.20 per gallon |
Maine | $0.30 per gallon |
Maryland | $0.427 per gallon |
Massachusetts | $0.24 per gallon |
Michigan | $0.272 per gallon |
Minnesota | $0.285 per gallon |
Mississippi | $0.18 per gallon |
Missouri | $0.22 per gallon |
Montana | $0.33 per gallon |
Nebraska | $0.248 per gallon |
Nevada | $0.23 per gallon |
New Hampshire | $0.222 per gallon |
New Jersey | $0.424 per gallon |
New Mexico | $0.17 per gallon |
New York | $0.1735 per gallon |
North Carolina | $0.385 per gallon |
North Dakota | $0.230 per gallon |
Ohio | $0.385 per gallon |
Oklahoma | $0.19 per gallon |
Oregon | $0.38 per gallon |
Pennsylvania | $0.576 per gallon |
Rhode Island | $0.34 per gallon |
South Carolina | $0.28 per gallon |
South Dakota | $0.28 per gallon |
Tennessee | $0.26 per gallon |
Texas | $0.20 per gallon |
Utah | $0.319 per gallon |
Vermont | $0.316 per gallon |
Virginia | $0.28 per gallon |
Washington | $0.494 per gallon |
West Virginia | $0.357 per gallon |
Wisconsin | $0.309 per gallon |
Wyoming | $0.24 per gallon |
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Saving on gas and insurance costs in New Mexico
While you’re waiting for gas prices to go back down, the best ways to save on gas include practicing safe driving, using the accelerator as little as possible, and sticking to a regular
maintenance schedule
.Still, if you’d like a more immediate way to save some extra cash on car expenses, take a look at your
car insurance
costs. It’s really easy to pay too much for your car insurance— which is why Jerry
is here to help.Simply download the Jerry app and take a quick survey to tell us more about your needs. Then, Jerry will perform a comprehensive cross-analysis within its network of over 55 insurance providers to find the best rates available in your zip code. The average user saves more than $800 per year.
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