Paul Pastelok News
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Rain through May will improve U.S. corn-crop conditions for much of the Midwest, the main growing region, as fields recover from last year’s drought, according to AccuWeather Inc.
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The winter of 2012-2013 will probably bring a boost to heating fuels compared with last year and leave above-normal snowfall from Massachusetts to Alabama, AccuWeather Inc. said.
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The winter of 2011-2012 will probably be colder than normal for much of the northern U.S., although a repeat of the worst of last year’s East Coast snowstorms is unlikely, forecasters said.
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Natural gas futures gained for a third day in New York amid forecasts of below-normal temperatures that may reduce a glut of the fuel in storage.
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Natural gas futures climbed in New York for the first time in three days on speculation that government data may show a smaller-than-normal increase in stockpiles for last week.
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The last time a major hurricane hit the U.S., pounding beaches and towns with winds of more than 111 miles per hour, was the record storm year of 2005.
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Cold weather in the central U.S. and snow in the Northeast may push energy consumption above seasonal norms across much of the country, forecasters said.
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Temperatures may be higher than normal this spring and the U.S. may be at increased risk for tornadoes, AccuWeather Inc. said a seasonal forecast.
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Natural gas futures rose for a second day in New York on forecasts of below-normal temperatures that may boost demand for the heating fuel.
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The Atlantic will have an average hurricane season this year, with 12 named storms, according to AccuWeather Inc.
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