The coldest air in almost 20 years is sweeping over the central U.S. toward the East Coast, threatening to topple temperature records, ignite energy demand and damage Great Plains winter wheat.
Natural gas futures fell, capping a second straight weekly decline, after a government report showed the first below-average U.S. supply drop in five weeks.
A blast of cold air from Canada is expected to sweep across the U.S. Midwest, South and East by week’s end, boosting energy demand, said MDA Weather Services.
Canadian natural gas fell amid forecasts that mild U.S. weather will pare furnace use in the largest consuming regions for Canada’s gas exports.
Tropical Storm Don is expected to make landfall in southeastern Texas late today and has already shown signs of weakening, according to forecasters.
A wave of heat pushing in from the Midwest will send temperatures above 90 degrees Fahrenheit (32 Celsius) from Boston to Atlanta beginning June 20.
Canadian natural gas rose to the highest price in almost 10 months as forecasters shifted their outlooks toward cooler weather.
Tropical Storm Don is expected to make landfall in Texas in about 18 hours and quickly lose strength, dissipating completely in two days, according to the U.S. National Hurricane Center.
Canadian natural gas rose as late- season cold in the U.S. Midwest boosts furnace use and warm weather in the South spurs air-conditioning needs.
A week-long blast of Arctic air promises to grip the U.S. Midwest and Northeast next week, sending temperatures below freezing from Chicago to New York City and boosting energy demand.
"Strong cold penetrating the Eastern half of the U.S. this weekend will drive a sharp rise in energy demand, with colder-than-normal conditions likely to last through much of Thanksgiving week."
- Bob Haas on Nov 19, 2013
MDA’s Haas Sees Temporary Cold Weather Economic Imp