CPC/NOAA 6-10 Day Outlook

  Feb 15-21:  Mild conditions with highs of 40s and 50s will last for one more day across the East ahead of a cold front currently sweeping across the Midwest/Great Lakes where lows behind the front will drop into the -0s to 20s. The West will be cool to cold with areas of heavy rain and snow. The southern US will be warm with highs of 60s to 80s, although cooling Sun-Tue with lows of teens to 30s. A stronger cold blast will push across the central and northern US Mon-Thu with lows of -10s to 20s North and 20s to 40s over the South. Late next week, mild high pressure will build across the southern and eastern US with highs of 50s to 80s returning, warmest over the South/SE. Overall, national demand will increase to HIGH-VERY HIGH this weekend through much of next week.

Feb 14:  Today’s EIA weekly nat gas storage report printed a draw on supplies of -78 Bcf, much lighter than the 5-year average of -150 Bcf but smaller than all national surveys where market expectations were near -83 Bcf.  The -78 Bcf draw reduces supplies to 1,882 Bcf, which is -333 Bcf below than the 5-year average, and -30 Bcf less then this time last year.  Next week’s draw will be much larger and also larger than the 5-year average.

 
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