Tuesday, December 27, 2016

December Weather in Continental US Near Long Term Average, Jan Forecasts COLD

Assuming near term forecasts prove reliable, December will finish with about 878 Gas Utility Weighted Heating Degree Days, which is 19 above the 20 year average:

January forecasts look cold through week 1:

Should these forecasts verify, gas may not be constrained by a $4 ceiling, as end of season storage estimates will likely be revised lower, into the 1.5 -1.8 TCF range.