With analysts calling NatGas's glut even bigger than crude's, the following 'chart' has just become the scariest in the world for the energy complex. As Bloomberg warns, if you live in the eastern U.S., it’s almost time to put that snow shovel away and get out the gardening tools, as March temperatures are expected to be considerably higher than expected across the entire US (except Florida, sorry).
As Bloomberg continues, after a slight hiccup later this week — which could bring a little sleet and even a few snowflakes — the warmth that has dried out the West Coast and drought-stricken California during most of February will shift east.
Temperatures may reach 8 degrees Fahrenheit (4 Celsius) above normal by mid-month from the Midwest to the Atlantic, and even higher across the Great Lakes and parts of Ontario and Quebec, said Commodity Weather Group LLC in Bethesda, Maryland.
“The pattern is going to change,” said Rob Carolan, owner of Hometown Forecast Services Inc. in Nashua, New Hampshire.
March is expected to be considerably hotter than expected everywhere (except Florida)
New York City could see 64 next week, according to MDA Weather Services in Gaithersburg, Maryland. Boston may make the 60s, too, along with Cincinnati, Chicago and Minneapolis. Washington, Philadelphia and St. Louis might reach the 70s, MDA said.
That’s enough to put a garden stake through the heart of winter. Not that winter has had much of a bite, especially along the East Coast. New York’s Central Park had 11 days above 50 in February and four at 60 or better. While the snowfall total is higher than normal for the season, it was 5.2 inches (13 centimeters) below average since Feb. 1, according to the National Weather Service.
Almost all of New York’s snow, 26.6 inches out of 31.2, came from a Jan. 23 storm.
The rest of the Northeast has done pretty well this season, too, unless you like to ski.
“Boston is closing in on at least its second-mildest winter on record,” Carolan said.
Which explains why Nattie is plumbinmg new record lows…
As this morning's hope crashes…
via Zero Hedge http://ift.tt/1Ltzfih Tyler Durden