Gas prices increase in Guam, South Korea
AAFES gas prices inched up Tuesday in South Korea and Guam by 7 cents and 3 cents a gallon respectively for November while midgrade fuel in mainland Japan and Okinawa was to remain at $2.50 a gallon.
Regular unleaded fuel at Army and Air Force Exchange Service outlets in South Korea rose from $2.59 to $2.66 a gallon Tuesday and from $2.66 to $2.69 a gallon on Guam, according to officials at AAFES Pacific headquarters on Okinawa. AAFES’ retail fuel prices in those locations normally fluctuate monthly.
In South Korea, premium gas climbed 10 cents to $2.88 a gallon, while diesel fuel is up 25 cents a gallon to $2.85.
Midgrade gas on Guam for November is $2.80 a gallon, up 9 cents, while unleaded premium is $2.91 a gallon, 10 cents higher than October’s price.
In mainland Japan and on Okinawa, midgrade fuel will remain at $2.50 a gallon until at least Nov. 17, when the AAFES board of directors plans to meet in Washington to review the company’s overseas fuel pricing policy, said Master Sgt. Donovan Potter, AAFES Pacific spokesman.
AAFES officials on Okinawa said they did not know whether AAFES used the previous four-week Department of Energy average for gasoline prices in the United States to determine November prices for Guam and South Korea. For most overseas pumps, AAFES takes that DOE average and adds local dispensing costs.
However, AAFES used pre-Hurricane Katrina averages to determine its prices for October.
Stateside gas prices increased sharply in the aftermath of Katrina in late August and Hurricane Rita in late September.
According to the Lundberg Survey, which surveys prices at 7,000 U.S. gas stations, the average price per gallon of mid-grade gas (not including diesel) dropped from $2.91 on Oct. 7 to $2.66 on Oct. 21.
According to AAFES, citing Energy Department figures, the average prices on Oct. 24 were $2.60 for regular unleaded, $2.72 for mid-grade, $2.82 for premium and $3.16 for diesel.