Mid-November Warm in U.S. Northeast May Crimp Fuel Demand
Temperatures in the U.S. Northeast are expected to rise above normal by mid-November, which may crimp demand for natural gas and heating oil.
Daily average temperatures from Maine to Virginia may be about 3 degrees Fahrenheit (1.7 Celsius) above normal Nov. 12-16, which may be high enough to keep overnight heating demand low, said Matt Rogers, president of Commodity Weather Group LLC in Bethesda, Maryland.
November signals the start of the traditional heating season for the large population centers of the northern U.S., when demand peaks for energy to heat homes and businesses. Normal daily average temperatures have dropped into the mid-40s from Chicago to Boston and will continue to fall until reaching their low point in January.
Blackouts caused by Hurricane Sandy diminished demand in the Northeast this week.
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