Oct. 12 (Bloomberg) -- Parts of the U.S. Midwest and East may have low temperatures in the 30s to 40s Fahrenheit (minus 1 to 4.4 Celsius) during the next two weeks, said Matt Rogers, president of the Commodity Weather Group LLC.
Rogers said the Midwest may have one or two cold nights from Oct. 17 to Oct. 21, while the cooling will reach the East during the Oct. 22 to Oct. 26 period. Parts of the South may also get lower temperatures next week.
“Cooler weather dropping into the Midwest, East, and South could be the strongest so far this season, but it is still very short-lived, just a few days,” Rogers, based in Bethesda, Maryland, said in a note today to clients. “The biggest impact is on low temperatures -- overnight heating demand.”
Traders use long-range temperature predictions to gauge energy use and market fluctuations. Hot or cold weather can increase demand for heating and cooling, and power plants use about 30 percent of the nation’s gas supplies, according to Energy Department data.
Hot weather is expected from southern California to the Rocky Mountains throughout the 6- to 10-day and 11- to 15-day forecasts, Rogers said.
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