HM 95
Page 1
A MEMORIAL
REQUESTING THE ATTORNEY GENERAL TO INVESTIGATE THE DISPARITY
BETWEEN THE PRICE OF GASOLINE AND DIESEL FUEL.
WHEREAS, the price and availability of diesel fuel is
important to New Mexico as it is the primary fuel for
semitrucks, delivery vehicles, buses, trains and farm and
construction equipment; and
WHEREAS, the cost of diesel fuel impacts the costs of
other goods and services and, therefore, it impacts New
Mexico's economy; and
WHEREAS, the average cost of diesel fuel in New Mexico
has declined by less than two percent, from two dollars sixty-
two cents ($2.62) per gallon to two dollars fifty-seven cents
($2.57) per gallon, over the last year while the average cost
of regular-grade gasoline has declined nearly twelve percent,
from two dollars thirty-seven cents ($2.37) per gallon to two
dollars twelve cents ($2.12) per gallon during the same time;
and
WHEREAS, the per gallon price of diesel continues to be
significantly higher than the price of gasoline despite the
fact that both are products of crude oil; and
WHEREAS, the disparity between the recent decline in
gasoline prices versus diesel prices can be perplexing to the
motoring public and can undermine confidence in the market,