No doubt at some point in the next couple of weeks, a reporter at your local news station will demonstrate the ability to bake cookies inside a car or fry an egg on the sidewalk. After all, it's the hottest time of the year in the US and a slow news day calls for such experiments, right? For the majority of the country though, after the next 12 days, temps, on average, will begin to trend toward college football season, er, um, Fall. Yes, Fall.
Across the U.S., 30-year averages help pinpoint the likely dates for the hottest days of the year. For instance, the peak for southern New Mexico typically is June 16 to 30, while North Dakota is Aug. 1 to 5, according to the U.S. National Centers for Environmental Information. Highs have already topped out for the year in much of the Northeast. Southern Texas and Louisiana won’t get there until mid-August, and parts of coastal California have to wait until September.
While heat can be a health threat, it will also move markets. Hot weather in the corridor between Chicago and Houston, as well as in the large Northeastern cities, can spike energy demand, spiking wholesale electric rates as well as natural gas prices. In the Q3, electric generation will account for 47% of U.S. natural gas demand, government data show.
So go bake a cookie while you still can and enjoy the remainder of your summer!