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Tropical Storm Gonzalo sets a record as it churns toward the Caribbean

(CNN) Tropical Depression Seven strengthened into Tropical Storm Gonzalo on Wednesday, according to the National Hurricane Center.

At 5 p.m. ET, the storm was about 1,110 miles east of the southern Windward Islands, packing winds of 50 mph and moving to the west at 14 mph.

"Given the increased organization of the system and its small size, Gonzalo's (pronounced gohn-SAH-loh) likelihood of becoming a hurricane is rising. Small storms are prone to more significant fluctuations in intensity, both up and down," CNN meteorologist Taylor Ward said.

Strengthening will continue in the next day as the storm is expected to become the season's first hurricane by Thursday, the NHC said.

The center is forecasting the storm to weaken slightly before moving over the Windward Islands. The storm may even fizzle after it moves over the islands, as many models are indicating, or it could continue to intensify into next week. It's still a little too early to tell exactly what it will do after it moves into the Caribbean.

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This is the earliest that a storm has received a name starting with the letter "G" since the United States began using a named-storm system in 1953. On average, the seventh named storm in a season is on September 16.

The previous record for the earliest seventh named storm formation in the Atlantic was Gert on July 24 during the busiest hurricane season on record, 2005.

"While 2020 may beat 2005 to the 7th named storm, 2005 had already had 3 hurricanes and 2 (of those were) major hurricanes (Dennis and Emily) by July 21. 2020 has yet to have a named storm reach hurricane strength," tweeted Philip Klotzbach, a research scientist at Colorado State University.

"The tropical Atlantic looks extremely conducive for an active season," Klotzbach told CNN.

So far in July, he said, the ingredients needed for an active season remain in place.

"So, while we haven't seen any hurricanes yet, I certainly think that we will soon."

The active part of hurricane season is still a few weeks away and it looks likely we will have the busy season experts have been predicting.

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