The Weather
Last week
Last week (ending August 7), the number of cooling degree days (CDDs) plunged by 16.2% w-o-w (from 100 to 84). We estimate that total energy demand (as measured in total degree days, or TDDs) was 11.8% below last year's level and 3% below the 30-year average.
This week
This week (ending August 14), the weather conditions are warmed up quite significantly across the contiguous United States. We estimate that the number of nationwide CDDs will surge by 23.0% w-o-w (from 84 to 103). Total average daily consumption of natural gas (in