Cost of Gas

Several factors determine your monthly natural gas bill — one is the cost of the natural gas you use. As a regulated utility, New Mexico Gas Company does not make a profit on the natural gas we purchase for our customers. These costs from market suppliers are passed directly on to our customers.

Current rates are available below. This information is updated around the 15th and 30th of each month. You may also call us at 505-697-3335 (Albuquerque Metro) or toll free at 1-888-NM-GAS-CO (1-888-664-2726) for the current information. Your monthly New Mexico Gas Company bill also includes the projected natural gas charges for the following month.

Month Residential Irrigation Non-Residential
April 2024 $0.1807 per therm  $0.1807 per therm  $0.1807 per therm
March 2024 $0.3011 per therm  $0.3011 per therm  $0.3011 per therm 
February 2024 $0.4552 per therm  $0.4552 per therm  $0.4552 per therm 
January 2024 $0.4507 per therm  $0.4507 per therm $0.4507 per therm
December 2023 $0.4432 per therm  $0.3936 per therm $0.4743 per therm
November 2023 $0.5014 per therm
$0.4518 per therm
$0.5325 per therm
October 2023 $0.4320 per therm $0.3824 per therm $0.4631 per therm
September 2023 $0.6513 per therm $0.3931 per therm $0.4738 per therm
August 2023 $0.2812 per therm $0.0230 per therm $0.1037 per therm
July 2023 $0.3465 per therm $0.0883 per therm $0.1690 per therm
June 2023 $0.2921 per therm $0.0339 per therm $0.1146 per therm
May 2023 $0.2912 per therm $0.0330 per therm $0.1137 per therm
April 2023 $0.0904 per therm $0.0408 per therm $0.1215 per therm
March 2023 $0.0949 per therm $0.0453 per therm $0.1260 per therm
February 2023 $0.6744 per therm $0.6248 per therm $0.7055 per therm
January 2023 $1.1337 per therm $1.0841 per therm $1.1648 per therm
December 2022 $0.8940 per therm $0.8444 per therm $0.9251 per therm
November 2022 $0.5483 per therm $0.4987 per therm $0.5794 per therm
October 2022 $0.9576 per therm $0.9080 per therm $0.9887 per therm
September 2022 $1.1888 per therm $0.9306 per therm $1.0113 per therm
August 2022 $1.2291 per therm $0.9709 per therm $1.0516 per therm
July 2022 $1.0982 per therm $0.8400 per therm $0.9207 per therm
June 2022 $1.3250 per therm $1.0668 per therm $1.1475 per therm
May 2022 $1.1694 per therm $0.9112 per therm $0.9919 per therm