Self-Inflicted Pain at the Pump

Why does New Mexico refine so little of its petroleum?

According to Triple A, America’s “average price for a gallon of gasoline rose six cents over the past week.” It’s “20 cents more than a month ago and $1.22 more than a year ago.”

Amazingly, in New Mexico, a state blessed by an ocean of oil, the average price is up 66 percent in the last 12 months, and sits at a rather disappointing 8¢ below the national …

This post is for paid subscribers