News
06/03/2024, 11:26 am EDT

U.S. Population Weight CDD Forecasts are Below 10-year Normal

U.S. population weight CDD for May 2024 was 117 which is very close to the 10-year normal (118). Natural gas traders are generally more reliant on the 10-year normal as a reference therefore May is considered a near normal cooling demand month to start the 2024 warm season. In June, due to the incoming Midwest trough, the CDD forecast is cut to 230 which is substantially below the 10-year normal of 252.