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Oil production, tourism already affected by Hurricane Isaias, possible impacts on gas prices

Ahead of the storm, oil and gas producers shut down a significant share of offshore production in the Gulf, which accounts for almost 15% of crude pumped annually in the U.S.

As of Wednesday about 25% of the oil production in the region was temporarily halted, taking about 511,000 barrels a day off the market, according to the Marine Minerals Administration. It said eight of the Gulf’s 371 manned oil platforms were evacuated.

With oil prices already high, the production cuts are steep enough to affect markets, though other Gulf hurricanes have caused larger disruptions, said Jim Burkhard, global head of crude oil market research for S&P Global Energy. More concerning, he said, is whether Isaias strikes as a powerful storm near refineries.

Hurricane Isaias: Live updates, latest track, warnings issued across Gulf Coast

As it moves inland, Isaias might also disrupt Saturday’s college football showdown between rivals Georgia and Alabama, a game President Donald Trump has planned to attend.

In Alabama, the cities of Gulf Shores and Orange Beach issued a statement encouraging people in low-lying areas to voluntarily evacuate.

Gulf Shores resident Maranie Adams gathered water and other supplies as her family moved belongings, including a hot tub motor, to higher ground. Her family planned to ride out the storm at home, roughly a half-mile from shore, sheltering indoors alongside their flock of chickens.

“We’re having to get crates to bring them into the house so they don’t blow away,” Adams said. “It’s going to be noisy.”

Alabama Gov. Kay Ivey issued a state of emergency for 40 counties, while Florida Gov. Ron DeSantis declared one for 25 counties in the Panhandle and Big Bend regions. The state also planned to deploy a Miami-based urban search and rescue task force.

In Pensacola, electric utilities were pre-positioning crews to quickly repair any power outages. City officials provided sand for residents to fill sandbags to protect their homes against flooding. And Mayor D.C. Reeves urged people to check on older adult neighbors and others who might need help.

“Obviously no need to panic at this point,” Reeves told a news conference. “This is really about preparation.”

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