From the AP:
Oil prices jumped above US$119 a barrel as workers began to evacuate from the offshore rigs responsible for a quarter of U.S. crude production and much of America's natural gas.
"We know it's going to head into the Gulf. After that, we're not sure where it's heading," said Rebecca Waddington, a meteorologist at the Miami-based National Hurricane Center. "For that reason, everyone in Gulf needs to be monitoring the storm. At that point, we're expecting it to be a Category 3 hurricane."
On Wednesday, Gustav was moving off of Haiti's southwestern peninsula into the waters between Cuba and Jamaica. Its tentative track pointed directly at the Cayman Islands, an offshore banking center where residents boarded up homes and stocked up on emergency supplies in preparation for a possible direct hit Friday.