European edition, Friday, July 27, 2007

Gas prices will tumble anywhere from 7.4 cents to 10.7 cents a gallon Saturday at Army and Air Force Exchange Service stations in Europe after U.S. gas prices, which spent two weeks moving upward, fell an average of almost 9 cents a gallon between July 16 and July 23.

The drop in AAFES prices will widen the gap between what the exchange charges in Germany and what the Navy charges in Italy to more than 37 cents a gallon for regular unleaded gas.

AAFES, which manages fuel sales to authorized customers in Germany, the United Kingdom, the Netherlands, the Azores and Turkey, announced the price drop at almost the same time the Navy-administered fuel program in Italy announced fuel prices there would go up 15 cents a gallon for the month of August.

Regular gas sold by AAFES in Germany will drop to $3.125 a gallon Saturday, and regular gas sold by the Navy Exchange in Italy will jump to $3.496 a gallon — an all-time high — four days later. Italy’s gas prices will stay the same throughout August, but AAFES’ prices, which change weekly, could be adjusted up or down four more times in the same period.

Both mid- and premium grades of gas sold by AAFES in the Netherlands will drop 10.7 cents a gallon Saturday, while regular unleaded in Germany will drop 9.1 cents a gallon.

AAFES midgrade fuel price will fall 8.1 cents a gallon in both Germany and the U.K., and premium will drop 7.4 cents in both countries.

In all but one European locale, AAFES fuel prices were set using the U.S. Department of Energy’s stateside averages, plus the cost of dispensing fuel in Europe.

In the Netherlands, where the cost of fuel and distribution is higher than the U.S. average, AAFES fuel prices were set at cost.

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