Spot wholesale electricity prices jumped in Texas as power demand exceeded expectations.
Diesel futures fell on speculation supplies will increase as warmer weather reduces demand for heating fuel.
A midweek storm will probably spread snow from Cleveland to Boston while sparing New York, Chicago and Washington from the worst.
Spot wholesale electricity slumped from New England to Texas as warmer weather eased heating demand.
Winter’s wrath fell hard on car dealer David Kelleher last month, forcing him to close his Chrysler-Dodge-Jeep store near Philadelphia for five days due to heavy snow and ice. There was an upside, though: Booming sales of all-wheel drive models.
Natural gas fell to a six-week low in New York on speculation that demand will lessen as winter nears an end.
Snow and ice will probably coat the East Coast from Washington to New York later today, snarling rail and road traffic for commuters tomorrow and disrupting air travel throughout the region.
New York’s first March commute may end up being one of its worst of the season as another winter storm threatens to start the work week with snow, sleet and rain throughout the U.S. Northeast.
The 28th snowfall of the season is aiming at New York City for the start of the workweek as a storm threatens to coat roads with snow, sleet and ice from Washington to Boston.
Commuters in New York will probably see the worst of a storm that will strike at the beginning of the workweek, spreading snow, sleet and ice from Boston to Washington, forecasters said.
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