Gas prices to rise nearly 14 cents

[unhappycamper]

Gas prices to rise nearly 14 cents
By Matt Millham, Stars and Stripes
Europe edition, Friday, November 9, 2007

Fuel prices will climb nearly 14 cents a gallon on average Saturday at AAFES locations in Germany and the United Kingdom.

The jump is directly pegged to prices in the U.S., which this week made their biggest one-week gain since Hurricane Katrina in August 2005, according to U.S. Department of Energy data. AAFES prices in Germany and the U.K. are set by adding the local costs of distribution to the weekly DOE average.

Prices for all grades have surged roughly 25 cents a gallon in the past three weeks, according to the DOE.

Regular gasoline, sold only in Germany, hits $3.18 on Saturday — a jump of 14.1 cents.

Midgrade gasoline is up 13.4 cents a gallon to $3.284 in Germany and $3.222 in the U.K.

Diesel is up 14.6 cents to $3.47 in Germany and $3.408 in the U.K.


Rest of article at: http://stripes.com/article.asp?section=104&article=50148