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Barchart
Rich Asplund

Warmer US Temps Boost Air-Conditioning Usage and Nat-Gas Prices

United States EIA The Commodity Weather Group Electricity Natural Gas BNEF

June Nymex natural gas (NGM26) on Wednesday closed up +0.021 (+0.74%).

Nat-gas prices settled higher on Wednesday on forecasts of above-normal US weather, which could spark nat-gas demand from electricity providers to power increased air-conditioning use.  The Commodity Weather Group said Wednesday that forecasts shifted warmer, with above-average temperatures expected across the Midwest and Southwest through May 17.

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