YONGSAN GARRISON, South Korea — Many base residents will have a little more money to spend on holiday gifts as on-base gas prices for unleaded fuel dropped 6 cents Monday.
As of Dec. 1, the posted gas prices at Army and Air Force Exchange Service gas stations throughout South Korea declined for the second month in a row.
The price for premium unleaded dropped from $1.82 per gallon to $1.76. Regular unleaded dropped from $1.63 per gallon to $1.57.
But diesel fuel prices rose 2 cents per gallon, from $1.52 to $1.54.
AAFES officials at the regional headquarters on Okinawa were unable to confirm the price changes Monday, saying they had not yet received an official announcement from their stateside headquarters.
AAFES runs the majority of on-base gas stations in Japan and South Korea.
The changes in monthly gas prices are based on U.S. Department of Energy averages from the previous four-week period, AAFES said in previous press releases.
On Monday, an LG gas station in Seoul’s Dongdaemun ward was selling unleaded gas for $4.16 per gallon.
Diesel fuel at the same LG station ran $2.55 per gallon.
While gas prices have risen in the past weeks, the fluctuation in the won-dollar exchange rate has kept the price steady.
In the United States, retail gas rose slightly during the past month.
Analysts with Lundberg Survey Inc., a research company specializing in petroleum-product tracking, said the stateside average for a gallon of self-serve regular unleaded was $1.55 as of the last week in November.
That price was an average half-cent higher than prices Nov. 7, but more than 11 cents higher than the same period a year ago.