Hurricane Matthew Is a $15 Billion Threat Headed to Florida
- Storm could knock out power to more than 1 million in Florida
- Matthew will rake the Bahamas first, starting Wednesday
Hurricane Matthew Threatens More Than Just Oil
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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 pounding parts of the central Bahamas with maximum sustained winds at 115 miles (185-kilometers) per hour and is expected to intensify as it approaches Florida, the U.S. National Hurricane Center said in a 2 a.m. New York time advisory. The Category 3 storm closed the Buckeye oil terminal in Freeport, Bahamas, and could disrupt petroleum shipments along the U.S. East Coast.