AAFES gas prices lowest in nearly 4 years

[unhappycamper]

AAFES gas prices lowest in nearly 4 years
By Matt Millham, Stars and Stripes
European edition, Friday, December 5, 2008

Army and Air Force Exchange Service fuel prices will fall Saturday to their lowest mark in nearly four years in Germany and the United Kingdom as U.S. prices continue to slide on decreased demand and the slumping cost of crude.

After shedding more than 42 cents a gallon last week, regular gasoline in Germany sinks to $2.02 per gallon — its lowest price since February 2005, and about $2.30 less than its July peak.

In the U.K., mid-grade gas — the cheapest grade sold there — drops to $2.11 per gallon.

The trend won’t carry over to the Netherlands, where mid-grade increases 4 cents a gallon and premium jumps 3.4 cents. That increase was caused by "floor" pricing, which is supposed to prevent the exchange from losing money on fuel sales.

Still, at $2.383 per gallon, mid-grade in the Netherlands is $2.58 less than its July peak.


Rest of article at: http://www.stripes.com/article.asp?section=104&article=...