Brian K. Sullivan
October 25, 2011
The coming U.S. winter may be the coldest in more than 10 years, Commodity Weather Group LLC said in its seasonal forecast.
Temperatures will range from 1 to 3 degrees Fahrenheit (0.5 to 1.7 Celsius) below normal across much of the U.S., according to the forecast. The period from November to March is expected to be 2.4 percent colder than last year, said Bethesda, Maryland-based CWG.
“This would be the coldest winter since 2000-01,” the company said.
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.
This article was posted: Tuesday, October 25, 2011 at 2:38 am