Natural Gas Prices Rise Due to Anticipated Increase in US Air-Conditioning Demand
Natural gas prices increased as expectations of warmer-than-average temperatures in the US Southeast and Midwest are expected to raise air-conditioning demand. The Commodity Weather Group projected above-average temperatures from April 22-26, which could boost natural gas consumption. However, higher production forecasts and increased storage levels have previously pressured prices downward.
Topics: BNEF Data Commodity Weather Group Energy Demand Natural Gas Prices Weather Impact