As of the NHC's latest update, issued early Thursday morning, the agency said there was now a 50 percent chance of cyclone formation over the next seven days, and a low, 10 percent chance of formation in the next 48 hours.

There's now a 40% chance for a tropical or subtropical depression forming near Florida by the Fourth of July holiday weekend.

Barry broke up around 4 a.m. Monday about 100 miles northwest of Tampico, Mexico, near where the storm had made landfall about six hours earlier.