Cost of fuel will plunge in GermanyBy Matt Millham, Stars and Stripes
European edition, Friday, January 9,2009
Gas in Germany will plunge to its lowest price in nearly five years Saturday in response to a drop in the Army and Air Force Exchange Service’s wholesale costs for fuel and lower U.S. prices.
Regular gas sheds 20.8 cents a gallon to fall to $1.893 per gallon, the lowest mark since March 2004, while mid-grade gas — also known as "super" — falls to a fraction of a cent over $2.
Premium gasoline, meanwhile, dives 28.3 cents a gallon to $2.131.
A policy that prevents the exchange from losing money on fuel sales had kept prices in Germany rising in recent weeks even as U.S. prices declined, but is no longer in effect for unleaded.
The same policy is still keeping prices in the Netherlands from falling as quickly as they might have.
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