SPC/NOAA Severe Weather Outlook

  Jan 17-23:   A strong weather system will track out of the West and into the central US today with areas of rain and snow, while chilly behind the cold front with highs of 10s to 30s. The East has cooled after a cold shot raced through Thursday, followed by rain & snow increasing this weekend as the central US storm arrives. Much stronger demand is on tap for early next week as reinforcing cold shots follow across the Midwest and East with lows of -0s to 20s, including 20s and 30s into the South & Southeast. Warming will spread across much of the US late next week with highs of 30s and 50s across the northern US, 60s & 70s across the southern US for light national demand. Overall, Moderate demand through Sunday, High Mon-Wed, then Low late next week.

 
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Jan 16:  Today’s EIA weekly nat gas storage report printed a draw of -109 Bcf, larger than market expectations of -93-94 Bcf.  It was still much smaller than the 5-year average -184 Bcf, increasing surpluses +149.  The build decreased supplies to 3,039 Bcf.   Next week’s report will show another much lighter than normal draw due to exceptionally comfortable temperatures across much of the country this past week.