Gas prices in Europe continue upward march
Here’s something you’ve heard before: Gas prices are going up. Again.
For the 10th straight week, gas sold by the Army and Air Force Exchange Service will cost more come midnight Friday.
This week’s increase — 9.5 cents for regular, midgrade and premium gasoline and 5 cents for diesel — follows the U.S. trend to the penny. Since the beginning of February, that’s added up to 64 pennies.
The latest increase also will push every grade of gas except regular — sold only in Germany — above $3 a gallon and to their highest mark since September 2006.
Motorists in the United Kingdom, the Netherlands, Turkey and the Azores also are facing the increase.
According to the U.S. Department of Energy, the average cost of a gallon of regular gas is a shade over $2.80. AAFES’ cost is higher because it adds its local dispensing costs — 16.6 cents in Germany — to that.
Since Feb. 1 when AAFES began to adjust its fuel prices weekly rather than monthly, regular gas has gone from a fraction more than $2.33 per gallon to almost $2.97 per gallon.
Prices for super unleaded range from about $3.07 a gallon in Germany to about $3.22 a gallon in the Netherlands, where super is the lowest grade available.
But AAFES’ prices still are below many areas of the U.S. In California, for example, the average price of a gallon of regular gas is $3.25, according to the DOE.
In the Netherlands, prices for all grades of fuel including diesel were set at the “floor” selling price, according to an AAFES news release. Such prices occur when the price AAFES pays for fuel exceeds the sum of its own costs plus the average of prices in the U.S.
Gas prices in EuropeFor the week of April 14-20, 2007