Mild weather is forecast to linger across the eastern U.S. into the first week of February, according to forecasters.
Average temperatures along the East Coast may be 5 to 7 degrees above normal, MDA said in its 6- to 10-day forecast. The Great Lakes and Ohio Valley may be 8 to 14 degrees above normal.
Traders watch long-range temperature predictions to gauge energy use and demand for heating and cooling. About 51 percent of U.S. households use natural gas for heating, according to the Energy Department.
In his 6- to 10-day outlook, Weather Derivatives meteorologist David Salmon predicted temperatures in the northern Great Plains to Great Lakes and south into Arkansas will average about 10 degrees above normal.
Commodity Weather Group LLC President Matt Rogers calls for a similar pattern of above-normal temperatures in his 6- to 10- day outlook.
The East Coast may return to more seasonal weather from Feb. 5 to Feb. 9, Rogers, based in Bethesda, Maryland, said in his 11- to 15-day outlook.
MDA’s forecast for the same timeframe also predicts seasonal weather in the East, with the exception of northern Maine, which may be warmer than normal, and the South, which may be cooler.
Salmon, in Belton, Missouri, doesn’t issue an 11- to 15-day forecast.
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