It's that time of the year.

The 2023 hurricane season is rapidly approaching and now a low pressure in the Gulf of Mexico is being monitored by many in weather labs.

At this time this looks like a major rain event. but because we're approaching hurricane season along the gulf coast, many are dialed in on this area of disturbed weather.

The area of disturbed weather is projected to drift eastward in the gulf, which would mean more rain for the middle and southern parts of Florida.

Because the low pressure is so further southward, it should not have any impact on the weather in South Louisiana.

It's something meteorologists will be watching in the next several days and this "alert" should be a reminder to all along the gulf coast that it is time to prepare for hurricane season.

By now you should have a hurricane preparedness box in your home and know where you'll evacuate to this season if conditions call for such in the months ahead.

As we often hear during this time of the year, "It is never too early to prepare."

LOOK: The most expensive weather and climate disasters in recent decades

Stacker ranked the most expensive climate disasters by the billions since 1980 by the total cost of all damages, adjusted for inflation, based on 2021 data from the National Oceanic and Atmospheric Administration (NOAA). The list starts with Hurricane Sally, which caused $7.3 billion in damages in 2020, and ends with a devastating 2005 hurricane that caused $170 billion in damage and killed at least 1,833 people. Keep reading to discover the 50 of the most expensive climate disasters in recent decades in the U.S.

Gallery Credit: KATELYN LEBOFF

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