Tropical Storm Dolly could strengthen to a hurricane and it is very probable that it will make landfall along the Texas coast on Wednesday evening according to the weather forecast released by the U.S. National Hurricane Center. Authorities have already warned residents living on coastal Texas to get ready for a hurricane or a tropical storm.

According to MarketWatch.com, a recent poll carried out by Mason-Dixon concluded that the very few people from Texas to Maine are actually prepared for a hurricane landfall. The final results showed that 56% of the people surveyed have no family disaster plan, 67% have no hurricane survival kit and 85% have taken no steps to make their homes stronger since last year's hurricane season.

Authorities urged the region’s residents to prepare for the upcoming hurricane/tropical storm while they still can. Tropical storm Dolly is currently in the Gulf of Mexico and will head across Mexico's Yucatan Peninsula and hit Texas.

"It's important for all coastal residents to have a plan for hurricane season. Getting ready now will make it easier to deal with the aftermath of a hurricane," said Ray Stone, vice president of catastrophe operations for insurance company Travelers.

The oil price went up one dollar on Tuesday pushed by the tropical storm which is about to hit Texas’ coast. Although it appears that tropical storm Dolly will miss major offshore U.S. oil and gas installations, easing fears of supply disruptions, meteorologists forecasted that it will gather strength and turn into a powerful hurricane before hitting coastal Texas where it could threaten some refineries.

U.S. light crude for August delivery rose 99 cents to $132.03 a barrel, after gaining more than $3 a barrel on concerns over Dolly in the previous session. London Brent crude climbed $1.03 to trade at $133.64.