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Colorado vs New Mexico Gas Tax

New Mexico has the lower state tax by 10.3¢/gal. Compare excise, fees, combined federal + state rates, and annual tax at 12,000 miles and 25 MPG.

By Sammy S. · Founder · AuthorUpdated for 2026

Lower state gasoline tax

New Mexico is lower

10.3¢/gal lower per gallon—about $49.44 less state tax per year at 12,000 mi / 25 MPG.

Side-by-side gasoline tax scoreboard

Colorado

29.18¢/gal

State total · rank #29

Excise
22¢/gal
Other fees
7.18¢/gal
+ Federal
47.68¢/gal
Annual state tax
$140.06
Colorado profile →

New Mexico

18.88¢/gal

State total · rank #48

Excise
17¢/gal
Other fees
1.88¢/gal
+ Federal
37.38¢/gal
Annual state tax
$90.62
New Mexico profile →

Annual state gasoline tax comparison

State tax only at different mileage assumptions (25 MPG unless noted). Federal tax is identical in both states (18.5¢/gal).

12,000 mi · 25 MPG

Colorado$140.06
New Mexico$90.62

Gap: $49.44

15,000 mi · 25 MPG

Colorado$175.08
New Mexico$113.28

Gap: $61.80

12,000 mi · 30 MPG

Colorado$116.72
New Mexico$75.52

Gap: $41.20

12,000 mi · 20 MPG

Colorado$175.08
New Mexico$113.28

Gap: $61.80

Key takeaways — Colorado vs New Mexico gas tax

  • New Mexico has the lower state gas tax by 10.3¢/gal (18.88¢/gal vs 29.18¢/gal).
  • Colorado ranks #29 nationally; New Mexico ranks #48 (#1 = highest state tax).
  • Combined with federal 18.5¢/gal: Colorado 47.68¢/gal, New Mexico 37.38¢/gal.
  • At 12,000 mi / 25 MPG, state tax is about $140.06 in Colorado vs $90.62 in New Mexico—a gap of $49.44.
  • Colorado splits as 22¢/gal excise + 7.18¢/gal fees; New Mexico is 17¢/gal + 1.88¢/gal.
  • Local fuel taxes and CA/OR/WA LCFS or cap-and-trade costs may not appear in these statewide totals.

Tax on a fill-up — Colorado vs New Mexico

State gasoline tax only (already in the pump price). Federal tax is the same in both states.

10-gallon fill-up

Colorado$2.92
New Mexico$1.89

Gap: $1.03

15-gallon fill-up

Colorado$4.38
New Mexico$2.83

Gap: $1.55

20-gallon fill-up

Colorado$5.84
New Mexico$3.78

Gap: $2.06

Annual state gas tax ladder

Same miles and MPG on both sides. Gap is absolute state-tax difference.

ScenarioColoradoNew MexicoGap
Typical commute12,000 mi · 25 MPG$140.06$90.62$49.44
Higher mileage15,000 mi · 25 MPG$175.08$113.28$61.80
30 MPG vehicle12,000 mi · 30 MPG$116.72$75.52$41.20
20 MPG vehicle12,000 mi · 20 MPG$175.08$113.28$61.80
20k miles · 25 MPG20,000 mi · 25 MPG$233.44$151.04$82.40

How to read this page

Colorado vs New Mexico gas tax in 2026

Drivers comparing Colorado and New Mexico often ask which state takes more at the pump in fuel tax. This page lines up Tax Foundation 2026 statewide gasoline totals—excise plus other per-gallon fees—then adds the same federal 18.5¢/gal to both sides.

New Mexico wins on state gasoline tax by 10.3¢/gal per gallon. Over a typical 12,000-mile year at 25 MPG, that is about $49.44 less state fuel tax than Colorado.

Open each state profile for fill-up examples and neighbor tables, or use the pair picker to swap states.

How Colorado and New Mexico build their gasoline tax

Colorado's 29.18¢/gal total is 22¢/gal excise and 7.18¢/gal other fees (rank #29). New Mexico's 18.88¢/gal is 17¢/gal excise and 1.88¢/gal fees (rank #48).

Federal tax does not change the winner: both states add 18.5¢/gal, so the combined gap equals the state gap (10.3¢/gal combined).

“Other fees” can include environmental, inspection, or storage charges. Percentage-based sales or gross-earnings taxes on fuel may still understate retail tax in some states.

Annual cost: Colorado vs New Mexico

State fuel tax ≈ (miles ÷ MPG) × (¢/gal ÷ 100). At 12,000 miles and 25 MPG (480 gallons), Colorado is about $140.06 and New Mexico about $90.62 in state tax alone.

Raise mileage or lower MPG and the dollar gap scales linearly. The ladder on this page shows 12k/15k miles and 20/30 MPG scenarios so you can match your commute.

Federal tax on those same gallons is about $88.80 in either state—useful for total tax budgeting, but irrelevant to which state wins the comparison.

When Colorado vs New Mexico gas tax matters

Relocation, remote-work base choice, and long cross-border commutes are the main reasons to compare these two rates. A few cents per gallon compounds quickly for high-mileage drivers and fleets.

Pump price is still mostly crude, refining, and distribution. A lower gas tax state can post a higher street price if wholesale markets are tight.

For business mileage, the IRS standard mileage rate or actual expenses already embed fuel tax—there is no separate personal gas-tax deduction for commuting.

Who this Colorado vs New Mexico comparison helps

Useful if…

  • •Drivers choosing between living or working in Colorado vs New Mexico.
  • •Commuters who regularly fill up on either side of a state line.
  • •Fleet and rideshare operators budgeting per-mile fuel tax.
  • •Anyone estimating how much of the pump price is tax in each state.

Use official tools if…

  • •You need IFTA, dyed diesel, or refund compliance guidance.
  • •City or county fuel taxes dominate your usual stations.
  • •You primarily buy diesel or alternative fuels.
  • •You need a live retail price quote rather than statutory tax components.

Colorado vs New Mexico checklist

Before treating the rate gap as a relocation or fleet decision.

  1. 1Confirm Colorado 29.18¢/gal vs New Mexico 18.88¢/gal.
  2. 2Add federal 18.5¢/gal if you want total tax per gallon, not just the state gap.
  3. 3Plug in your miles and MPG to size the annual dollar difference.
  4. 4Check local fuel taxes and environmental program costs where you actually fill up.
  5. 5Open the Colorado and New Mexico profiles for neighbor and fill-up detail.
  6. 6Revisit after January 1 / July 1 if either state reindexes its excise.

Rates shown as 29.18¢/gal (CO) vs 18.88¢/gal (NM).

What the rate gap means

At default driving, New Mexico saves about $49.44 per year in state gasoline tax versus Colorado.

Limits of statewide totals

County and city fuel taxes, diesel schedules, and environmental program costs (especially CA, OR, WA) may not appear in these Tax Foundation gasoline totals.

Colorado vs New Mexico gas tax FAQs

New Mexico has the lower state tax by 10.3¢/gal. Colorado totals 29.18¢/gal and New Mexico totals 18.88¢/gal before the federal 18.5¢/gal.

At 12,000 miles and 25 MPG, Colorado is about $140.06 and New Mexico about $90.62—a gap of $49.44 in state tax alone.

Colorado: 47.68¢/gal combined. New Mexico: 37.38¢/gal combined. Federal gasoline tax is 18.5¢/gal nationwide.

No. County, city, and special-district fuel taxes are excluded. California, Oregon, and Washington table rates also omit cap-and-trade and LCFS-related costs that can appear at the pump.

This comparison uses Tax Foundation gasoline totals. Federal diesel tax is 24.5¢/gal (24.4¢ excise + 0.1¢ LUST). Several states apply different diesel excise or fee schedules.

New Mexico has the lower state gasoline tax, saving about $49.44 per year at 12,000 miles and 25 MPG—before federal tax and pump-price differences.

About $4.38 in Colorado vs $2.83 in New Mexico for state tax—a $1.55 gap per fill-up.

No. Federal gasoline tax is 18.5¢/gal in both states, so the ranking by state total is the same as the ranking by combined federal + state tax.

New Mexico remains lower. At 20,000 miles and 25 MPG the state-tax gap is about $82.40.

Open the Colorado profile (/gas-tax-by-state/colorado) and New Mexico profile (/gas-tax-by-state/new-mexico) for excise/fee breakdowns, neighbor tables, and fill-up examples.

Compare another pair

Compare any two states

State gasoline tax rates with annual driving-cost estimates.

Estimates use Tax Foundation statewide gasoline totals as of January 1, 2026. Local fuel taxes and diesel rates may differ.