While it is far from certain yet how strongly these storms will develop and where they will go, production platforms are already shutting down in some parts of the Gulf of Mexico in anticipation of the storm Gustav. Here is the latest satellite image and track overlay from my meteorological business, IntelliWeather:
The last time we saw oil platforms shut down in the Gulf, prices at the pump went up almost immediately. Today I noticed a 5 cent jump in prices at my own local gas station from yesterday as crude oil prices push higher.
Here is another wider Atlantic view of the two storms:
I’ll keep tabs on this and update as needed.