As we enter the end of our winter season in the Northeast, the mild winter combined with global oversupply fears has caused liquefied natural gas (LNG) prices to plummet and the worst may not be over.
Make no mistake, winter plays a big part of our daily lives. When you are involved in the transportation industry, it can have a huge impact! Icy roads can cause accidents and delays, increasing the demand for carriers. Here in Southwestern Pennsylvania, with our first snowfall on record books, we can say that winter is coming.
This morning many of us woke to much colder temperatures than normal. Fifteen states from Tennessee to Maine are under winter storm warnings or winter weather advisories. More than 70 million people could see accumulated snow from Colorado to Maine. A quick moving storm moved from the Midwest causing problems for commuters across the area.
So far this fall has brought us near record highs in parts of the Northeast, with some areas breaking through 90 degrees. Leaving many to feel that we may continue to have a warmer fall and maybe even a milder winter. However, if you take a look at the forecast we could start to see a drop rather quickly. With next week’s forecast showing evening temperature drops to the low 40’s, we could see the need for winterized fuel approach sooner rather than later.