SENATE MEMORIAL 79

52nd legislature - STATE OF NEW MEXICO - first session, 2015

INTRODUCED BY

Howie C. Morales

A MEMORIAL

REQUESTING THE NEW MEXICO STATE UNIVERSITY COLLEGE OF BUSINESS TO UNDERTAKE A STUDY OF RETAIL GASOLINE PRICES.

     WHEREAS, during the period February of 2013 through February of 2015, the average retail price of regular unleaded gasoline in New Mexico varied between three dollars fifty-four cents ($3.54) per gallon and one dollar eighty-two cents ($1.82) per gallon; and

     WHEREAS, during the period February 4 through February 6, 2015, the retail price of regular unleaded gasoline ranged from one dollar seventy cents ($1.70) per gallon in Albuquerque to two dollars thirty-nine cents ($2.39) per gallon in Deming; and

     WHEREAS, on February 6, 2015, the retail price of regular unleaded gasoline within the city of Albuquerque ranged from one dollar seventy cents ($1.70) per gallon to two dollars nineteen cents ($2.19) per gallon; and

     WHEREAS, New Mexico residents may not be able to quickly adjust their pattern of gasoline consumption to changes in the retail price of gasoline; and

     WHEREAS, it is difficult for consumers to understand the rationale for significant differences in the retail price of gasoline within limited geographical areas;

     NOW, THEREFORE, BE IT RESOLVED BY THE SENATE OF THE STATE OF NEW MEXICO that the New Mexico state university college of business be requested to undertake a study of the factors that influence the retail price of gasoline and the reasons why the retail price of gasoline varies from region to region and subregion to subregion; and

     BE IT FURTHER RESOLVED that the New Mexico state university college of business be requested to report its findings and recommendations to the appropriate interim legislative committees by October 1, 2015; and

     BE IT FURTHER RESOLVED that copies of this memorial be transmitted to the president of New Mexico state university and the dean of the New Mexico state university college of business.

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