However, the Midwest, South and East Coast could get a “significant cold push of air” next week, along with several days of below-average temperatures, according to Private forecaster MDA EarthSat.
“2012 has certainly started off in a much more interesting way as compared to the end of 2011. The colder than normal temperatures are finally materializing and creating some impactful energy usage,” Travis Hartman, meteorologist with MDA EarthSat, said.
Natural gas inventory levels are still 15.2% above their five-year average and 11.4% above last year’s levels, according to the Associated Press. [Natural Gas ETF Falls to New Low on Heavy Volume]
U.S. Natural Gas Fund
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Max Chen contributed to this article.