Tuesday, November 15, 2016

Short Term Weather Forecast Still Shows Warmth

CPC forecasts show heating demand approaching normal seasonal levels in about 7 days.

This puts the cumulative HDD at 355 to date, vs a 6 year average of 548.  Some longer term forecasts are calling for more cold, but more time will be required to verify those.  As it stands now, normal weather for the remainder of winter would likely reduce inventories enough to lift prices well before the end of withdrawal season.