2025 NM Fuel Tax Hike: Save $3k+ on Your Fleet Before January Hits
Hey, Albuquerque contractors—if you're running a landscaping crew or construction fleet, mark your calendar for January 1, 2025. New Mexico's fuel excise taxes are getting a bump, and it's gonna sting if you're not prepped. We're talking an extra 2¢ per gallon on gasoline and diesel, pushing the state gasoline tax to $0.19/gallon and special fuels (like your diesel rigs) to $0.25/gallon. That's per the NM Taxation & Revenue Department—vendors pay it, but guess who feels it? You, at the pump....