The storm system forming in the southeastern Gulf of Mexico may be nothing, forecasters say. But it may be something.

Forecasters at the National Weather Service's National Hurricane Center are monitoring the system, which is currently centered just north of the Honduran Bay Islands, according to a Saturday release. There's an 80 percent chance the system will form into a tropical depression or tropical storm in the next 48 hours, the weather service said. In five days, those chances go up to 90 percent.

Cuba has issued a tropical storm warning for the provinces of Pinar del Rio and Isle of Youth. Mexico has also issued a tropical storm watch for the coast of the Yucatan Peninsula from Tulum to Cabo Catoche.

Florida isn't included in any alerts. But the weather service cautions that even if the system doesn't turn into a major storm, it could still bring "torrential" rain to nearby coastal areas.

Gov. Rick Scott took to Twitter to warn Florida residents about the system Saturday.

A bit of good news out of all of this? If the storm system does take a turn north into the central Gulf of Mexico, it may help break up the red tide algae bloom that's ravaged Florida's coasts in recent months.