Most of the U.S. will probably have above-normal temperatures through next week, which is usually one of the year’s coldest, forecasters say.
A blast of cold air along in the eastern U.S. may mean energy used for heating homes and businesses will be 10 to 30 percent above normal through the weekend, said David Salmon, owner of Weather Derivatives.
Chicago may reach 99 degrees Fahrenheit (37 Celsius) today and New York City 90 as a heat wave that set or tied 196 daily temperature records yesterday moves east, promising to raise energy demand.
Temperatures in the U.S. Midwest and South may be lower than normal as December begins.
Milder weather in much of the central and eastern U.S. next week may mean the region will use about 20 percent less energy for heating than usual, according to David Salmon of Weather Derivatives.
The Midwest is about to get a dose of something it hasn’t had in a while -- colder weather.
Anadarko Petroleum Corp. and BP Plc asked an appeals court to toss out a judge’s finding they were both liable under the U.S. Clean Water Act for the 2010 Gulf of Mexico oil spill.
Colder air is expected to grip the central and western U.S. next week, while the Northeast may be warmer than normal, according to forecasters.
Hedge funds raised bearish bets on natural gas to the highest level since December 2008 as the fuel plunged on speculation that seasonal inventories will reach near-record levels at the end of March.
"Even in a best-case scenario, I think it will prove disrupting to the recovery efforts and may spread some of the outages into southern New England."
- David Salmon on Nov 06, 2012