Volume 17, Issue 25 | August 3, 2020

Editor's Note

A Return to Seasonal Weather

Weekly review for July 26 - August 1, 2020

 
On Friday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, July 24, 2020 was 3,241 Bcf.  This is an increase of 26 Bcf from the previous week. Inventories are currently 626 Bcf higher than last year during this same period and 429 Bcf above the 5-year average of 2,812 Bcf.
  
Weather will return to a more normal pattern this week after seeing some of the highest temperatures of the season last week.  This return to normal seasonal weather, along with very few outages thus far at the generation level, should keep congestion premiums at bay in the near term.
  
Markets moved higher this week as the 12-month NYMEX gas curve gained 2.9% and the 12-month PJM Western Hub increased 0.85%. 
 
 
This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.


Weather

Washington, D.C. Area Cooling/Heating Degree Days

  

 

**Jan-20 

**Feb-20 

**Mar-20 

**Apr-20 

May-20 

Jun-20 

Normal 

 863

 717

546 

 236

126

326

 Actual

 701

 614

372

 296

94

360

Departure from Normal 

19%, Warmer 

14%, Warmer 

32%, Warmer 

25%, Colder 

25%, Colder 

10%, Warmer 

Cooling degree day (CDD) data is for the Washington, D.C. area and is calculated by comparing the day’s average temperature to a 65-degree baseline. If the day’s average temperature is below 65, there are no cooling degree days that day. If the day’s average temperature is greater than 65 degrees, then subtract 65 from the average temperature to find the number of cooling degree days.

**Heating degree day (HDD) data is for the Washington, D.C. area and is calculated by comparing the day’s average temperature to a 65 degree baseline. If the day’s average temperature is above 65, there are no heating degree days that day. If the day’s average temperature is less than 65 degrees, then subtract that average temperature from 65 to find the number of heating degree days.