Hurricane Bill Churns 135 MPH Over Ocean

Updated 2:24 p.m. ET

Hurricane Bill howled over the open Atlantic as a dangerous Category 4 storm Wednesday, and it could be energized by warmer waters as it moves north.

Forecasters said Bill should begin pushing large swells toward Bermuda and parts of the southeastern U.S. coast by the weekend.

Winds extend 175 miles out and the storm could wind up between Bermuda and the U.S. coast line without making landfall, CBS "Early Show" weather anchor Dave Price reports.

The National Hurricane Center also said people in the Leeward Islands should keep an eye on the storm, though its core was expected to pass well to the northeast of the chain in the next 24 hours. Fishermen in Antigua were advised to dock their boats.

As strong as Bill already is, it could get stronger because it's traveling into warmer waters in the Atlantic that could intensify the storm, said senior hurricane specialist Lixion Avila.

"The warm ocean is like the fuel for car," Avila said Wednesday. "If you get high octane gas you get more power - that's what warmer water does."

Bill was maintaining a top wind speed of 135 mph Wednesday, hours after it became a Category 4 storm, and forecasters said it could get stronger. The storm's center was located 380 miles east of the Leeward Islands - or nearly 1,400 miles southeast of Miami - and it was moving west-northwest near 18 mph.

The most significant threat could be to Bermuda, which the storm could pass in three or four days, forecasters said. But it also could move directly between Bermuda and the eastern coast of the U.S. without making landfall.

It was too early to tell if Bill would veer close to shore over the weekend or swing away from the East Coast of the U.S., but the five-day forecast predicted its center would pass well offshore of the North Carolina-Virginia line Saturday.

A cold front was expected to turn Bill to the northeast, but it wasn't clear when that would happen, Blake said.