Sunday, July 17, 2011. The very warm period that has gripped parts of the East over the past week will continue Sunday due to a stubborn high pressure system that will remain anchored over the Plains. This system will be very strong, pushing any storms that could potentially cool the area well to the north. Thus, expect another day of hot temperatures in the 90s and 100s from Texas through the Dakotas and Upper Midwest. The middle of the country from eastern Texas through Minnesota and the Dakotas will be under Heat Advisories due to heat indices that will spike into the 100s and 110s for some areas. Residents from Texas through Minnesota should heed warnings to remain inside and cool during the hottest part of the day. The elderly should be checked on several times a day and pets should be kept cool and hydrated.
While the Northeast will not be as hot as the Plains, New England will experience a warm end to the weekend.
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The Northeast will rise into the 80s and 90s, while the Southeast will see similar temperatures. The Southern Plains through the Northern Plains will rise into the 90s and 100s, while the Southwest will see temperatures in the 100s and possibly into the 110s.
http://www.wunderground.com/cgi-bin/findweather/getForecast?query=nowata%20ok
This is good news...if you've got gas.
I mean natural gas, of course. UNG calls in particular have been moving up nicely.
Amidst all of the headwinds engulfing the financial markets the Nat Gas market is basically all about the short term weather. Hot weather across about two-thirds of the eastern half of the US is the main storyline as well as the main price directional driver for Nat Gas futures and cash prices. The heat receded a tad in some parts for the country but forecasters are now calling for a return of the above normal temperatures lasting possibly until the end of the month. Cooling demand is rising on all fronts with the call on Nat Gas as an incremental fuel for power generation continuing to rise and likely to now stay above normal for the next several weeks at least.
Although the nuclear capacity situation has improved over a month or so ago over the last few days the amount of shut in capacity is still hovering around 5,500 MW or about 6% of the country's nominal capacity. This is higher by about 100 MW from yesterday and about 500 MW above last year at this time. The gap versus the five year average is still around 1,500 MW. The combination of less nuclear power generation capacity as well as less hydroelectric capacity is resulting in the call on Nat Gas seen rising during the month of July.
http://www.cmegroup.com/education/market-commentary/energy/2011/07/pre-open-natural-gas_354.html
Stay cool!
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