Isaac's path prompts oil rig evacuations in Gulf of Mexico

Residents along the Gulf coast are not the only ones evacuating as Tropical Storm Isaac strengthens into a hurricane.

Dozens of oil rigs and production platforms along the Gulf of Mexico evacuated on Sunday.

Oil company BP announced it will temporarily stop all of its oil production platforms in the Gulf until Isaac passes through.

Experts now estimate between 75 and 90 percent of Gulf oil production could shut down as a result of the evacuations.

Meanwhile, oil rig crews took precaution to prevent any oil leakage into the ocean, should Isaac impose any damage. The evacuation process included shutting safety valves under the ocean floor to avoid pollution.

At last check, the average price of gas in the U.S. stood at about $3.76 per gallon. That is about 15 cents higher than this time last year.

It is too soon to tell how much of an impact Isaac will have on gas prices specifically, but analysts are keeping a close watch.

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