US Northeast Power, Natgas Prices Jump as Snow Storm Batters Region

Since most Northeastern homes and businesses use gas for heating, gas prices usually soar during extremely cold weather.

Reuters

U.S. Northeast power and natural gas prices for Jan. 7 jumped to their highest since January 2018 as homes and businesses crank up their heaters during the region's first big snow storm.

Meteorologists at AccuWeather said New York City can expect about 3 to 6 inches of snow on Friday.

Temperatures in the Big Apple will reach around 32 Fahrenheit (0 Celsius) on Friday and Saturday before rising to 40 F on Sunday, according to AccuWeather. The normal high in New York is 38 degrees at this time of year.

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