Oct. 28 (Bloomberg) -- The U.S. Northeast may be much colder than normal through the start of November, according to Matt Rogers, president of Commodity Weather Group LLC.
In his 1- to 5-day forecast ending Nov. 1, Rogers said the East and South from Texas to Maine will be cooler than normal, with the lowest temperatures centered on the Northeast, including New York.
Temperatures tomorrow from the mid-Atlantic to the Northeast will be in the 30- to 40-degree range Fahrenheit (minus 1 to 4.4 Celsius), he said in a note to clients today.
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.
In his 6- to 10-day outlook covering Nov. 2 to Nov. 6, Rogers, based in Bethesda, Maryland, calls for the majority of the U.S. to have seasonal temperatures, except the West Coast, which will be below normal.
The West Coast is forecast to stay cool through Nov. 7 to Nov. 11 while the center of the country from the Mississippi River to the Appalachians gets a bit warmer than normal, Rogers said in his 11- to 15-day outlook.
--Editors: Charlotte Porter, Margot Habiby
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