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New Mexico Home Heating Costs
Residential heating fuel prices in New Mexico from the U.S. Energy Information Administration.
EIA surveys heating oil and propane retailers in some states only. Where New Mexico is not surveyed, this page shows the regional average and says so.
- Propane, region
- $3.03/gal
- Week of 10/19/2026
- Natural gas
- $13.21/Mcf
- July 2026
- Electricity
- 16.09¢/kWh
- July 2026
Cost per million Btu
Price divided by the heat in each fuel, before furnace, boiler or heat pump efficiency
| Fuel | Per million Btu |
|---|---|
| Natural gas (winter 2025-26 average) | $10.16 |
| Propane, Gulf Coast (PADD 3) average | $33.18 |
| Electricity (12-month average) | $44.90 |
New Mexico residential natural gas price, 5 years
Dollars per thousand cubic feet by month
Show as a table
| Period | New Mexico |
|---|---|
| Jul 2026 | $13.21 |
| Dec 2025 | $11.11 |
| Dec 2024 | $6.59 |
| Dec 2023 | $10.35 |
| Dec 2022 | $11.39 |
| Dec 2021 | $10.92 |
Heating oil and propane prices are collected weekly from October through March. Natural gas prices are monthly and include delivery charges, so summer prices per unit are higher.
Frequently asked questions
- How much is propane in New Mexico?
- EIA does not survey propane prices in New Mexico. The Gulf Coast (PADD 3) average was $3.03/gal the week of 10/19/2026.
- What do homes in New Mexico pay for natural gas?
- Homes in New Mexico paid an average of $13.21/Mcf for natural gas in July 2026.
Source: U.S. Energy Information Administration, Heating Oil and Propane Update; Natural Gas Monthly; Form EIA-861M · Last updated 10/19/2026