Pain at the pump | Average Tenn. gas reaches record highs last week
KNOXVILLE, Tenn. (WVLT) - Tennessee’s gas prices have continued to rise in the last year, with the latest spike resulting from Russia’s invasion of Ukraine.
A report from AAA - The Auto Club Group that is released each week highlights gas prices and data in the nation. The data includes city, state and national gas prices compared to the average recorded over the last week, month and year. It also reports the dynamics of the national oil market and ways to save on gas.
As of 2022, the highest Tennessee price for regular unleaded gas was $4.11 in 2008. However, just last week, those averages were overthrown by $4.13 for regular unleaded and $5.09 for diesel.
Those interested in viewing prices in their area can visit the website here. Notable ongoing data on the average cost of regular unleaded gas per gallon can be found below:
Monday, March 14
Gas prices are continuing to stay steady, even reaching highest in the state last week. While it hit a high of $4.13, the average is now $4.11, which is 85 cents more expensive than one month ago and $1.44 more than a year ago.
“After rising to record-high prices in Tennessee on Friday, the state gas price average held steady over the weekend,” said Megan Cooper, spokeswoman, AAA - The Auto Club Group. “It’s too early to tell if this trend will continue, however, as fuel prices remain extremely volatile. Any further disruptions or escalations in the current crisis in Ukraine, or any large jumps in crude oil pricing could cause prices at the pump to surge upward.”
Knoxville is currently at the top of the most expensive markets in Tennessee, coming beside Morristown at the same price and Nashville being $4.14.
Average national price: $4.32
Average state price: $4.11
Average Knoxville price: $4.16
Monday, March 7
The pain at the pump continued for Tennesseans as the average gas price in the state is $3.87, 43 cents more expensive than one month ago and $1.30 more than one year ago.
“Unfortunately, it isn’t looking like Tennesseans will see a break at the pump in the near future, " said Megan Cooper, spokeswoman, AAA - The Auto Club Group. “We could potentially see record-high prices at the pump as surging oil prices are continuing to place upward pressure on the global oil market.”
Average national price: $4.06
Average state price: $3.87
Average Knoxville price: $3.90
Monday, February 28
According to the AAA report, Tennessee gas prices spiked up 15 cents on average since last week. The $3.44 average in the state is 35 cents more than one month ago and 94 cents more than one year ago.
Knoxville’s average gallon of gas also averaged the state price of $3.44, which was 16 cents more than last week and 97 cents higher than a year ago at this time, according to the data.
Average national price: $3.61
Average state price: $3.44
Average Knoxville price: $3.44
Monday, February 21
The Tennessee gas price average continued to increase, rising an average of three cents over just the last week. The average state price was $3.29, 25 cents more expensive than one month ago and 89 cents more than a year ago.
Last week, Knoxville’s average gallon of gas was at $3.20 in the area, according to the report. A year before, a gallon of gas in Knoxville averaged $2.36.
Average national price: $3.53
Average state price: $3.29
Average Knoxville price: $3.28
Copyright 2022 WVLT. All rights reserved.