Wednesday, January 4, 2017

Weather Forecast: Short Cold Blast Followed by Unseasonable Warmth

A surge of cold over the next 5 days will give way to a sharp warming trend, dropping the January average HDD count to below normal, and natural gas prices are reflecting that in spades.  

Here are the CPC gas-utility weighted totals, with their 7 day forecast through Jan 10th.

The longer range outlook shows the extreme return to tropical conditions in the CONUS, with HDD counts a bit above half their norms: