Seasonal to Warm Weather Will Keep Down Gas Demand, Rogers Says
Warmer weather forecast for the northern U.S. will dampen any chance that thermostats will be turned up to create early season energy demand for heating, said Matt Rogers, president of Commodity Weather Group LLC.
Warmth is expected across the northern Great Plains, while seasonal temperatures take hold in the Northeast and South, and that isn’t the kind of weather that increases demand for natural gas for either heating or cooling, Rogers said in his 6- to 10- day and 11- to 15-day forecasts covering Sept. 26 to Oct. 5.
Natural gas traders use long-range temperature predictions to gauge energy use and market fluctuations. Hot or cold weather can increase demand for heating and cooling, and power plants use about 30 percent of the nation’s gas supplies, according to Energy Department data.
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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