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Gas prices will plunge as much as 11.7 cents a gallon Saturday at Army and Air Force Exchange Service locations in Germany and 11 cents in the United Kingdom, a week after two recent hurricanes caused prices to surge.

The price of regular gas, sold only in Germany, falls 11.7 cents to $3.927, while midgrade drops to just a fraction above $4 in the U.K. That’s the cheapest gas there.

Diesel prices are mixed, falling 6.5 cents in the U.K., but rising 14.6 cents in Germany and 6 cents in the Netherlands. Gas prices in the Netherlands are down at least 16 cents.

Gas and diesel prices in Italy, meanwhile, will remain at current prices through the end of October.

Despite massive cuts in oil production and refinery capacity, U.S. prices continued to move lower Thursday with a national average of $3.70 a gallon — 1.5 cents less than a day earlier — according to the American Automobile Association.

As of Tuesday, "more than 850 thousand barrels per day of crude oil production from the Gulf of Mexico and about 1.7 million barrels per day of refinery capacity were still shut down," according to the U.S. Energy Information Administration’s weekly report on the status of U.S. fuel markets.

Through Wednesday, about 27 million barrels’ worth of oil production and 46 million barrels’ worth of refined product had been held back because of damage, power outages and crude shortages caused by Hurricanes Gustav and Ike.

The EIA reported total gasoline inventories of 179 million barrels — the lowest since 1967 — and said shortages in areas already hit by supply disruption "can be expected over the next several weeks."

The new October gas coupons for U.S. and NATO motorists in Italy will be available for sale as early as Friday against October’s rations, officials said.

In Italy, current gas coupons expire Tuesday. Motorists can turn in expired coupons at the outlets where they were purchased and be refunded the purchase price. No more than two months’ worth of rations may be refunded.

Stripes reporter Sandra Jontz contributed to this report.


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