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BREAKING NEWS
Japan April Jobless Rate is 4.6%; Economist Est. 4.5%

Holiday Weekend Temperatures May Hit 90s in U.S. East, Midwest

Temperatures may reach into the upper 90s Fahrenheit (30s Celsius) across the U.S. East and Midwest over the weekend and into the July Fourth holiday, said Matt Rogers, president of Commodity Weather Group LLC.

The U.S. South and West will also experience warmer-than- normal weather for the July 3 to July 7 period, he said. The heat in those areas will moderate from July 8 to July 12, according to Rogers.

Natural-gas traders monitor weather forecasts to determine whether temperatures may boost heating or cooling demand. Futures gained for a second day in New York yesterday on forecasts of hot weather in the South and Midwest.

Heat gripping Texas, the southern Plains and Southwest will continue through the rest of the week, according to Rogers.

Amarillo, Texas, set an all-time temperature record of 111 degrees on June 26, breaking the mark of 109 set two days earlier, according to the National Weather Service in Lubbock, Texas. After a high today of 99, temperatures are expected to reach past 100 again starting tomorrow and through the weekend, the weather service said.

Highs in the 100s throughout the week are also forecast for Fort Worth, Texas; Tulsa, Oklahoma; and Oklahoma City.

Rogers said an area of disturbed weather in the Bay of Campeche off the eastern Mexican coast doesn’t pose a threat to U.S. energy interests. The National Hurricane Center said the system has a 50 percent chance of becoming a tropical system in the next two days.

To contact the reporter on this story: Brian K. Sullivan in Boston at bsullivan10@bloomberg.net.

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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