AAFES fuel price hike in Europe is biggest spike seen in six months

[unhappycamper]

Delores Guenther watches the nubers change as she pumps gas into her Buick Rendezvouz at the AAFES gas station at Hainerberg shopping center in Wiesbaden, Germany, on Thursday. Unleaded gas prices will climb nearly 12 cents this week at AAFES stations.


AAFES fuel price hike in Europe is biggest spike seen in six months
By Matt Millham, Stars and Stripes
European edition, Friday, April 25, 2008

At the risk of sounding like a broken record, AAFES gas prices will break all records Saturday for the fourth time in as many weeks.

Prices for all grades of gasoline will surge roughly 12 cents per gallon at Army and Air Force Exchange Service stations in Germany and the United Kingdom — the biggest one-week price hike in six months. Gas prices in the Netherlands will rise about a dime; the price of diesel climbs to nearly $4.80 a gallon, for example.

The surge in prices has been expected.

The Energy Information Administration, or EIA, suggested earlier this month that the average cost of gas could top $4 a gallon sometime this spring. Right now, EIA data has the average price of gas pegged at just under $3.56.

The high cost of crude oil is the biggest culprit behind the skyrocketing cost of motor fuel, according to analysts. The average world crude oil price on April 18 was $44.31 more than a year ago, the EIA noted Wednesday in its weekly petroleum status report. And crude prices flirted with $120 a barrel earlier this week.


Rest of article at: http://www.stripes.com/article.asp?section=104&article=54310

[KSinTX]

1. I know those guys held back on raising this in hopes of prices coming back down.

This hopefully won't kick soldiers in the teeth too hard, just cut down on a lot of recreational travel.