Cold weather raises energy prices

12/11/2006
Energy prices soared to the highest levels in months during the final 4 days of November as an arctic cold front moved across the Midwest US toward the East Coast, dumping several feet of snow in its wake.Temperatures plummeted below freezing along the Texas Gulf Coast. The National Weather Service predicted below-normal temperatures in the eastern US during the first 2 weeks of December. With the spreading cold front, analysts at Enerfax Daily said, “Heating demand across the US will climb to 10% above normal by Dec. 4, from 57% below average [on Nov. 27].” During November, the first complete month of the current heating season, temperatures averaged 4.7% colder than last yea...
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