Gas Prices Rise As Biden Warns Against Price Gouging Amid Hurricane Ian

Gas prices rose slightly on Thursday as Hurricane Ian made landfall in Florida, despite a warning from President Biden about price increases.

Biden issued the warning to oil and gas companies on Wednesday, saying that Ian should not be an excuse to hike gas prices.

"Do not use this as an excuse to raise gasoline prices or gouge the American people," Biden said in a speech at the White House.

The national average gas price was $3.782 per gallon on Thursday, up from $3.765 per gallon a day earlier but down from the over $5 per gallon mark back in June, according to the American Automobile Association (AAA).