7-Day Precipitation Accumulation Forecast

Oct 22-28:   Cold air continues across the N. Rockies and N. Plains with chilly lows of 0s to 30s. Much of the western and southern US will be comfortable with highs of 60s to 80s besides locally hotter 90s over areas of California and the Southwest. The East will be warm into next week as upper high pressure holds strong with highs of 60s to 80s, including 70s to NYC. Cold air over the N Rockies & Plains will push into N. Texas and spread across the Midwest/Great Lakes this weekend into next week w/lows of 10s and 30s for a swing to stronger national demand. Overall, national demand will be LOW through Fri-Sat, then increasing to HIGH.

 
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October 15:  Today’s EIA weekly nat gas storage report printed a build of +49 Bcf, slightly smaller than market expectations of +50-52 Bcf and a bit smaller than the 5-year average of +875Bcf.  We were close with our +47 Bcf call.  This increased supplies to 3,926 Bcf and improved surpluses to +327 Bcf.  Next week’s build should be a little smaller than this week’s by around 10 Bcf.