02/29/2024, 8:30 am EST

U.S. Energy Market Early Notes: Storm focus shifts to West U.S. into the weekend; Gulf States/East Coast trend wetter.

  Fig. 1: NOAA/NWS weather watch, warning, and advisories. Discussion: Windstorm in the East is departing and the next focus shifts to the West U.S. where a plethora of watch, warnings, and advisories are issued for mainly high wind and heavy snow (Fig. 1). A Blizzard Warning is in effect for the Sierra Nevada and Winter Storm Warning for heavy snow across all Northern California. The NOAA/WPC 7-day precipitation amount forecast reveals an intense storm pattern for the next 3 days centered on California featuring high wind, flooding rainfall, and several feet of snow for mountain areas (Fig. 2). A second region for storminess for much of the next 7 days is the Gulf States and East Coast with a wetter forecast trend. Dryness persists in the Great Plains to the Southwest U.S. The U.S. gas population weight HDD forecasts remain prohibitively warm (Fig. 3). Fig. 2: NOAA/WPC 7-day quantitative precipitation forecast. Fig. 3: The U.S. gas population weight HDD forecast utilizing all models, their consensus, and comparing with 24 hours ago and the 10-year/30-year normal.