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United States Natural Gas ETF Message Board

  • repeat_the_future repeat_the_future Nov 23, 2012 11:35 AM Flag

    Above normal temps on their way

     

    near term colder than normal, then above normal coming in the longer range

    Bloomberg reported today:
    "The U.S. East Coast and Ohio Valley are expected to be warmer than normal at the start of December after colder temperatures prevail for most of the next 10 days.

    Temperatures may rise about 3 degrees Fahrenheit (1.7 Celsius) along the coast and as much as 8 degrees across the Midwest and eastern Canada from Dec. 3-7, according to Matt Rogers, president of Commodity Weather Group LLC, based in Bethesda, Maryland.

    “The cold could be stronger than forecast for the Northeast and mid-Atlantic toward the middle of next week, but it may end faster than previously forecast for the Midwest by late next week,” Rogers said in a note to clients. “That advances the next warm-up into the first weekend of December.”

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    • I use propane in my house in New Jersey and the price is lower now than it was in September when I last filled up! There is no shortage of Natural Gas so the only reason for a price rise in NG is speculation on a very cold winter which might not happen.

      Sentiment: Hold

 
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