Feb. 24 (Bloomberg) -- The eastern U.S. may be warmer than normal next week, with 10 to 30 percent less energy needed for heating, while temperatures on the West Coast may drop.
From the Ohio Valley to southern New England, temperatures may be 2 to 6 degrees Fahrenheit (1 to 3.3 Celsius) above normal from Feb. 25 to March 2, according to David Salmon, owner of Weather Derivatives in Belton, Missouri.
Along the West Coast, temperatures are expected to be about 2 degrees below normal, which may mean 30 percent more energy is used to heat homes and businesses there during the period, Salmon said in a note to clients.
Traders use long-range weather outlooks to gauge energy use and demand for heating and cooling. Power plants consume about 30 percent of the nation’s gas supplies, according to Energy Department data.
The warmer weather in the East is expected to last longer into March, according to Matt Rogers, president of Commodity Weather Group LLC in Bethesda, Maryland.
In his 6- to 10-day outlook, Rogers calls for temperatures to be 3 to 5 degrees above normal in the East and be closer to seasonal levels across much of the rest of the U.S.
The Northeast may become even warmer from March 5 to March 9, Rogers said in his 11- to 15-day outlook. Temperatures for the region, along with eastern Canada, may be at least 8 degrees above normal, he said.
For March 3, the normal average temperature in New York City is about 39 degrees, according to MDA EarthSat Weather in Gaithersburg, Maryland. In Boston it’s 35; in Chicago, 33; in Houston, 60; in Dallas, 54; in Seattle, 45 and in Burbank, California, 57.
--Editors: Charlotte Porter, David Marino
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