Image of the Day
Of primary interest to the nat gas markets is the strong winter storm and cold blast expected to track across the US next week with the stoutest demand of the season so far. The images below highlight next weeks system with much colder than normal temperatures pushing into the West early next week, although quite mild to start over the East. As the week progresses, the cold blast will push eastward and across the Midwest and Northeast rain and then snow showers. With temperatures dropping well below freezing behind the cold front, nat gas demand will be strong as Heating Degree Demand increases. This is highlighted in the last image as the HDD accumulation graph below shows HDD’s for this 2016/17 winter season will catch up to last year in about 2-weeks, although still remaining well below the 30-year average.