Wilma made an appearance on Wall Street this morning as oil rose 2% in early trading on fears of another Gulf Coast hurricane. We have talked quite a bit about the status of the oil rigs and refineries on this blog. Expect to see gas prices at your local pump rise this week if this storm makes it into the Gulf as a hurricane.
Wilma also tied the record for number of active tropical systems in one season as it reached tropical storm status. Our next system will be named "alpha". Overnight, Wilma continued on more of a southerly course which has prompted the issuing of tropical storm watches for the coast of Honduras. The longer Wilma heads south and delays a shift to the west then north, the more the central Gulf coast comes into play. We will see the models continue to bounce all over the place in the coming days. Another hurricane into the rigzone and we will all pay the price for it.