New Mexico Natural Gas Prices
Residential price per thousand cubic feet, month by month, with the national average alongside. June 2026 EIA data. Electricity rates: New Mexico electricity page.
Natural gas delivered to homes in New Mexico costs $9.31/Mcf (≈ $0.90 per therm) — below the US average of $24.09, the 51st highest of 51 tracked states.
Estimate your bill — therms × New Mexico gas price
Your usage × the latest average rate. Fixed charges, demand charges, and utility-specific rates vary — this is the benchmark, not an invoice.
Where New Mexico gas prices are heading
Residential $/Mcf, last 12 months and the 5-year view — the winter peaks are heating season.
New Mexico natural gas price (12 months) US average
Price, month by month
Last 24 months, residential $/Mcf.
| Month | Price | ≈ per therm |
|---|---|---|
| May 2026 | $9.31/Mcf | $0.90 |
| April 2026 | $9.92/Mcf | $0.96 |
| March 2026 | $9.79/Mcf | $0.94 |
| February 2026 | $11.90/Mcf | $1.15 |
| January 2026 | $9.38/Mcf | $0.90 |
| December 2025 | $11.11/Mcf | $1.07 |
| November 2025 | $9.70/Mcf | $0.94 |
| October 2025 | $11.73/Mcf | $1.13 |
| September 2025 | $14.78/Mcf | $1.43 |
| August 2025 | $16.98/Mcf | $1.64 |
| July 2025 | $15.82/Mcf | $1.53 |
| June 2025 | $14.71/Mcf | $1.42 |
| May 2025 | $9.99/Mcf | $0.96 |
| April 2025 | $5.65/Mcf | $0.54 |
| March 2025 | $10.05/Mcf | $0.97 |
| February 2025 | $8.10/Mcf | $0.78 |
| January 2025 | $9.32/Mcf | $0.90 |
| December 2024 | $6.59/Mcf | $0.64 |
| November 2024 | $9.64/Mcf | $0.93 |
| October 2024 | $13.05/Mcf | $1.26 |
| September 2024 | $13.57/Mcf | $1.31 |
| August 2024 | $14.09/Mcf | $1.36 |
| July 2024 | $12.85/Mcf | $1.24 |
| June 2024 | $10.41/Mcf | $1.00 |
Per-therm figures use a labeled approximation (1 Mcf ≈ 10.37 therms at typical residential heat content) — your bill states your utility's exact conversion and delivery charges.
Gas prices next door
Neighboring states, latest residential $/Mcf.
| State | Price | vs New Mexico |
|---|
Common questions
Answered from the data on this page.
What is the price of residential natural gas in New Mexico?
Natural gas delivered to residences in New Mexico averaged $9.31 per thousand cubic feet ($/Mcf) as of May 2026, per EIA — roughly $0.90 per therm at typical heat content (1 Mcf ≈ 10.37 therms; your utility’s conversion is on the bill).
How does New Mexico compare to the national average for natural gas?
The US average is $24.09/Mcf in the same month — New Mexico is lower than that, at $9.31/Mcf.
Why is my natural gas bill higher in winter?
Heating demand drives both usage and price. Over the last two winters, New Mexico residential gas averaged $9.40/Mcf in December–February; the latest month is below that seasonal average. More therms × higher price is why winter bills dwarf summer ones.
Data: EIA Natural Gas Navigator (monthly residential prices), through June 2026. Electricity comparison: New Mexico electricity rates. See the methodology.