March 7 (Bloomberg) -- Temperature records may fall as the U.S. and Canada warm up from the Rocky Mountains to the East Coast next week, forecasters said.
New York, Chicago and Washington may be as much as 15 degrees Fahrenheit (8 Celsius) above normal from March 12 to March 16, said MDA EarthSat Weather in Gaithersburg, Maryland. The warmth may extend from the upper Great Plains to eastern Quebec, according to MDA’s 6- to 10-day forecast.
“Nearly all of the models favor this warmth, which is likely to set new records across parts of the Midwest,” MDA said.
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.
Temperatures in Chicago may be 18 degrees above normal from March 13 to March 17, according to David Salmon, owner of Weather Derivatives in Belton, Missouri.
From March 17 to March 21, temperatures from the upper Great Plains to the mid-Atlantic and New England coasts will remain 15 degrees above normal, Commodity Weather Group LLC President Matt Rogers said in his 11- to 15-day forecast.
Rogers, based in Bethesda, Maryland, said there is a chance the East Coast may be a bit cooler in the period, with at least one model favoring that outcome.
The normal average temperature in New York for today is about 40 degrees, according to MDA. It’s 36 in Boston, 41 in Philadelphia, 35 in Chicago, 43 in St. Louis, 56 in Dallas, 61 in Houston, 52 in Atlanta, 45 in Seattle and 58 in Burbank, California.
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