AAA: Western PA Gas Prices Steady; Hurricane Ida Disrupts Gas Production

The national gas price average decreased by two cents as of Sunday, the cheapest price since early July, but was back up a penny to $3.15 Monday morning following Hurricane Ida. The storm has left more than one million people in Louisiana and Mississippi without power and taken about 13 percent of U.S. refining capacity offline. There were nine oil refineries in Ida’s path; at least four were believed to have shut down operations ahead of the storm.

At the close of Friday’s formal trading session, West Texas Intermediate increased by $1.32 to settle at $68.74 as production ramped down ahead of...