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Regional & National

Knoxville gas prices plunge as investigation push gains momentum

September 18th, 2008 12:00 am by Staff Report

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. That’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. Knoxville’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 General’s Office and the Department of Commerce and Insurance. \">CLICK HERE for the full report.


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