Gadhafi Reported Captured and Dead Near Sirte

Moammar Gadhafi was killed this morning, possibly while trying to flee his hometown Sirte when NATO warplanes attacked his convey, Reuters is reporting.

There are also reports that Gadhafi was only wounded and remains alive in the custody of revolutionary forces.

Celebrations are erupting throughput Libya, but U.S. officials are cautiously optimistic that the unconfirmed reports of Gadhafi's demise will pan out.

Gadhafi has been rumored to be hiding in Sirte or Bani Walid, the last two remaining loyalist strongholds since the vfdalkl of the regiume in August. Bani walid fell last week, but revolutionary forces are still fighting their way through Sirte, where Gadhafi was born.