Gas Prices Continue to Climb
KNOXVILLE (February 21) – Knoxville gas prices have risen 8.2 cents per gallon in the past week, averaging $3.28 per gallon Monday, according to GasBuddy’s daily survey of 418 stations in Knoxville. Gas prices in Knoxville are 24.1 cents per gallon higher than a month ago and stand 90.5 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Knoxville was priced at $3.09 per gallon Monday, while the most expensive was $3.79 per gallon, a difference of 70.0 cents per gallon. The lowest price in the state Monday was $2.85 per gallon, while the highest was $3.99 per gallon, a difference of $1.14/g.
The national average price of gasoline has risen 3.2 cents per gallon in the last week, averaging $3.52 per gallon Monday. The national average is up 20.7 cents per gallon from a month ago and stands 88.9 cents per gallon higher than a year ago.
Historical gasoline prices in Knoxville and the national average going back 10 years:
February 21, 2021: $2.38/g (U.S. Average: $2.63/g)
February 21, 2020: $2.17/g (U.S. Average: $2.48/g)
February 21, 2019: $2.17/g (U.S. Average: $2.40/g)
February 21, 2018: $2.26/g (U.S. Average: $2.52/g)
February 21, 2017: $2.05/g (U.S. Average: $2.28/g)
February 21, 2016: $1.48/g (U.S. Average: $1.71/g)
February 21, 2015: $2.06/g (U.S. Average: $2.28/g)
February 21, 2014: $3.16/g (U.S. Average: $3.38/g)
February 21, 2013: $3.59/g (U.S. Average: $3.78/g)
February 21, 2012: $3.46/g (U.S. Average: $3.57/g)
Neighboring areas and their current gas prices:
Chattanooga – $3.31/g, up 5.0 cents per gallon from last week’s $3.26/g.
Tennessee – $3.27/g, up 2.1 cents per gallon from last week’s $3.25/g.
Asheville – $3.38/g, up 3.8 cents per gallon from last week’s $3.34/g.
“With tensions still very high that Russia may invade Ukraine, gasoline prices kept moving higher, tugged by the rising price of oil as the market concentrates on possible outcomes from the situation that could affect global oil production amidst recovering demand,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “However, with nuclear talks between Iran and global powers ongoing in Vienna, the possibility exists that a new deal could bring Iran’s crude oil supply back to legitimate markets, helping to ease a slight portion of supply concerns. While the proposition remains in the air for the time being, we’re also just a few weeks away from the traditional start of the spring surge in gasoline prices, brought on by the change to summer gasoline, seasonal maintenance at refineries and rising demand. The weeks ahead could be rather ugly with rising prices, especially if Russia pursues a strong-arm invasion of Ukraine.”
GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.