The latest GFS forecasting models show two deep cold troughs that are likely to be the final drivers of any heating demand and thus natural gas consumption in the withdrawal season.
The first trough of cold air will appear from March 27 to March 30. Areas east of the Mississippi River will experience temperatures six to ten degrees below normal. According to Weather.com, a clipper system will continue to move through the northern Plains and Midwest, bringing as much as 8 inches of snow to the region.
The second trough of cold air is shown on the models from April 3 to 6. This cold air push will extend further west, and once again, snowfall is expected in the Northeast and other areas of the upper Midwest.
Meanwhile, a ridge of high pressure will bring record warm temperatures to much of the West later this week. According to Weather.com, high temperatures will be 10 to 20 degrees above average from southern Arizona through Nevada, California and into Oregon and Washington.
Natural gas futures for April ’15 delivery traded higher on Tuesday at $2.78 per mmBTu.
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