As elevated prices for oil and gas strain U.S. households, the country faces a weather event that called Hurricane Ian.

The category 4 hurricane on Wednesday sustained wind speeds of 150 miles per hour as it made landfall on Florida's west coast.

Joe Biden warned oil and gas companies against raising prices amid the storm

"Do not, let me repeat, do not use this as an excuse to raise gasoline prices or gouge the American people," he said

Americans need not worry about price increases for gasoline as a result of the hurricane: industry analysts

noting that the path of the storm has averted key oil-producing states, such as Texas and New Orleans.

The storm will not cause widespread food price hikes, either, since Florida isn't a major producer of food, analysts said.

Hurricane Ian will not affect gasoline prices, industry analysts said