CPC/NOAA Seasonal Outlook – Summer (June, July, Aug)

July 30-Aug 5:  National demand will be strong again today as hot upper high pressure rules most of the US w/highs of 90s to 100s, including 95-103°F Texas. Cooler exceptions will occur over the Great Lakes and Northeast as a cool front brings showers and highs of 70s & 80s. Scattered showers continue from the Southwest to the Southeast but still hot. A stronger weather system and cool shot w/showers and thunderstorms will sweep across the Great Lakes and East this weekend and next week w/highs of upper 60s to 80s, easing national demand. Overall, HIGH demand into Friday, then easting to MODERATE this weekend and next week.

July 29:   Today’s EIA weekly nat gas storage report printed a build of +36 Bcf, smaller than national survey averages of +40-44 Bcf.  This increased supplies to 2,714 Bcf and improved deficits to -168 Bcf vs the 5-year average.  Next week’s EIA report will be smaller than normal due to widespread heat this past week.

 
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