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Gas prices could spike due to Hurricane Ida

Oil Prices
FILE – In this Jan. 22, 2010 file photo, Michael Lerner pumps gas into his car at the Speedway gas station in Cleveland Hts., Ohio. Motorists are paying the highest prices for gas since October 2008. Retail gasoline prices on Thursday, March 18, 2010 rose on an expected increase in demand and as more expensive spring and summer blends of gasoline make their way to the pumps. (AP Photo/Amy Sancetta, File)

Gas prices are expected to spike due to Hurricane Ida.

According to AAA, the national average on Tuesday was $3.15, which was the same as a week earlier but up by 92 cents from a year earlier.

The storm likely took about 13% of U.S. refining capacity offline, AAA reported.

There were nine oil refineries in Ida’s path- four were believed to have shut down ahead of the storm.

The storm caused companies, including Shell, Phillips 66, and Exxon, to pause more than 90% of their oil production and gasoline refining in the Gulf of Mexico.

Gas prices could increase between five to 15 cents due to the storm, according to AAA.