Hurricane Matthew Is a $15 Billion Threat Headed to Florida
- Storm could knock out power to more than 1 million in Florida
- Matthew likely to batter central, northwest Bahamas Thursday
Hurricane Matthew Impacts Oil Ahead of U.S. Landfall
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Hurricane Matthew has thousands fleeing the U.S. Southeast where it’s expected to batter the coastline and threaten electricity supplies to more than 1 million people in Florida. Potential losses are seen as high as $15 billion.
Matthew is strengthening near the northwestern Bahamas with maximum sustained winds at 125 miles (200 kilometers) an hour and its eye is expected to move “very close” to the east coast of the Florida peninsula on Thursday evening, the U.S. National Hurricane Center said in an advisory at 5 a.m. New York time. The Category 3 storm closed the Buckeye oil terminal in Freeport, Bahamas, and could disrupt petroleum shipments along the U.S. East Coast.