Hurricane Ida could lead to gas prices rising

Hurricane Ida's direct hit on the nation's oil and gasoline industry could send gas prices higher, worsening inflation that's already hurting American consumers. 

But how much prices will increase, and for how long, will depend on the extent of the damage. 

The storm hit Louisiana and the Gulf Coast on Sunday, killing at least one person and knocking out power for more than 1 million customers. 

The price of a gallon of regular gas stood at $3.15 Monday. 

Gas prices have already shot up nearly 80% from their low point in April 2020.