The U.S. Midwest and Northeast will have a brief round of lower temperatures this weekend before warming up through mid-March.
Even with the cold snap, average temperatures in the regions may reach at least 8 Fahrenheit (4.4 Celsius) degrees above normal from March 11 to March 15, according to Matt Rogers, president of Commodity Weather Group LLC in Bethesda, Maryland.
“This event should not be as strong as the one that is just ending, but it could rival it in the Northeast per the latest model trends,” Rogers said in a note to clients.
The high temperature in New York yesterday was 44 degrees Fahrenheit (7 Celsius), 2 below normal, according to the National Weather Service. The high March 10 may be 47, 1 below normal, said AccuWeather Inc. of State College, Pennsylvania.
Traders watch temperature predictions to gauge energy use and demand. About 51 percent of U.S. households use natural gas for heating, according to the Energy Department.
By mid-March, temperatures in the upper Great Plains, Midwest and Northeast may be at least 15 degrees higher than normal, Rogers said in his 11- to 15-day forecast. Only the U.S. and Canadian west coasts are expected to be cooler than normal in that March 16 to March 20 time frame, he said.