The Knoxville News-Sentinel is reporting that with a state investigation into possible price-gouging ongoing, the average gas price in Knoxville plunged nearly 22 cents overnight, according to the AAA Daily Fuel Gauge Report.
The average price for a gallon of regular unleaded was $4.085, according to the last credit card swipe at area stations on Wednesday. Thatâ€™s down from $4.303 the day before.
Substantially lower prices can be found at some area service stations. Knoxville-based Pilot Corp. dropped its price to $3.69 on Wednesday.
Earlier this week, Knoxville motorists paid the highest prices in the country. Knoxvilleâ€™s average gas price peaked at $4.652 on Monday after Hurricane Gustav hammered the Gulf Coast last weekend, disrupting fuel supplies. Prices at some Knoxville stations hit $4.999, prompting a flurry of consumer complaints now being investigated by the Tennessee Attorney Generalâ€™s Office and the Department of Commerce and Insurance.
http://www.knoxnews.com/news/2008/sep/18/knoxville-gas-prices-plunge/ \">CLICK HERE for the full report.
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