It's becoming increasingly likely that a tropical depression or storm will develop in the Gulf of Mexico this week.

The tropical system is still located in the Caribbean just offshore of Cancun, Mexico. However, it's expected to slowly track northwest over the Yucatan Peninsula and into the southern and central Gulf of Mexico in the next 72 hours.

The National Hurricane Center gives a 70 percent chance for this disturbance to develop into a tropical cyclone in the next 48 hours and a 90 percent chance within the next five days.

There is still quite a bit of uncertainty about where this potential tropical cyclone will eventually track if it does, in fact, develop in the Gulf. It's not out of the question that parts of Texas could be impacted this week, so stay tuned.

The biggest threat to this system will be flash flooding from heavy rainfall.

Hurricane season began on June 1 and continues through the end of November.