Over 5,000 Flights Canceled Due To Winter Storm Stella As NYC NatGas Price Soar

Tyler Durden's picture

US carriers have grounded 1,796 flights today, and 3,384 tomorrow - numbers which keep constantly rising - as Winter Storm Stella approaches the U.S. Northeast, according to FlightAware.com

Chicago is bearing the largest share of Monday's cancellations, while Tuesday's disruptions are hitting hardest from Washington to Boston including the New York City area, AP adds. The major airlines are waiving ticket-change fees that range up to $200 for customers who want to change their travel plans. Restrictions vary by airline.

Southwest has canceled more than 300 flights for Monday and nearly another 900 scheduled for Tuesday, according to FlightAware. American Airlines and its American Eagle contractor Envoy Air together had canceled more than 300 flights Monday and 700 on Tuesday. JetBlue Airways, with major operations in Boston and New York, had already canceled more than 600 flights scheduled for Tuesday, FlightAware said.

The weather system may dump as much as 20 inches (51 centimeters) of snow from Connecticut to Long Island, including New York City, according to the National Weather Service. A deep freeze is poised to linger in the Northeast after the storm passes, sending Boston’s low to 14 degrees Fahrenheit (minus 10 Celsius) on March 16, 17 below average, AccuWeather Inc. data show

Meanwhile, as the blizzard bears down on the Eastern Seaboard, natural gas futures rose to one-month highs on speculation that demand for the heating fuel will surge during the storm, shrinking a supply glut, Bloomberg reports.

The late-winter cold blast is giving gas bulls a break after a warm start to the season sent the market plunging to an eight-month low earlier in the year. While gas stockpiles are still above normal for this time of year, frigid conditions could erode the surplus and stave off another price collapse before the summer.

 

“It’s not just tomorrow’s storm, but the forecast going out to late March that should be supportive for prices,” said Bob Yawger, director of the futures division at Mizuho Securities USA in New York. “But we’re coming to the end of the season, and storage is pretty healthy.”

While gas futures for April delivery rose 1.2%, to $3.044 per mmBTU at after earlier reaching $3.089, the highest since Feb. 10, gas is still down 18 percent this year, the worst performer among major commodities. However, a look at spot prices for NYC nat gas shows a much bigger spike, which is to be expected as the region will be most affected by the coming weather.

Of course, once the weather system passes later this week, expect a similar and just as sharp drop in prices.

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detached.amusement's picture

Stellaaaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!

Ignatius's picture

"I've always been dependent on the kindness of strangers." --  A Street Car Named Desire

Jim Sampson's picture

I guess you could say Stella got her groove back.

ParkAveFlasher's picture

Why does nat gas spike?  Wherever you are, you turn on the heat.

Logan 5's picture
Logan 5 (not verified) aloha_snakbar Mar 13, 2017 2:21 PM

Because (((Greed)))... There, fixed it

manofthenorth's picture

What is the story with giving names to weather, when did that become a thing to do and why ????

Here in the far north we had about 16 inches of new snow last night and it is supposed to snow all week. Kids went to school on time, everyone went to work, we are calling this one "Monday".

I am so glad that I live with people who for the most part have strong wills and bodies.

spastic_colon's picture

^^^thank you! how big of pussy's are the eastern inhabitants.....we call this a flurry.......for crissake MSM STFU about some frozen rain! we name them too but have to refer to the liberal dictionary when listening to the MSM;

 

Sun = heat wave

Wind = hurricane

Drizzle = tropical storm/sheets of rain

Rain = Massive Flooding

Snow = Blizzard/World Ending

Sunset = Dangerous Light

Sunrise = Dangerous UV

SubjectivObject's picture

The is a HAARP pushed storm intended to give the mass muddia a news drama to distract themselves and the audience from important stuff.

 

A. Boaty's picture

Some buildings use flex-fuel boilers that can switch between fuel oil and gas depending on price.

dr kill's picture

I guess you could say you three are Weather Channel tools. Sad.

Dead Canary's picture

D A M N   Y O U   G L O B A L   W A R M I N G ! ! !

Raffie's picture

Al Gore is always right.

I think Al Gore thought himself into existence.

RougeUnderwriter's picture

He invented the internet with all of those Al Gore Rythms

Ghost of Porky's picture

Algore wouldn't happen to be speaking at a Climate symposium in the North East right now, would he?

Logan 5's picture
Logan 5 (not verified) Mar 13, 2017 1:15 PM

"It's just a coupla flakes... I MAKE THE WEATHER"

~Phil Connors

lil dirtball's picture

Damn straight they make the weather and it's downright criminal. They tune it to whatever makes them profits - like NatGas. Wonder who went long before the storm was on the radar?

Down here in the deep south, the weather has been extremely unseasonably warm while they paint the sky white four times a week. Everything is in full bloom - blueberries, peaches ... etc. It's all gonna get burned off over the next week when temps plunge to freezing durning the over-nights. Farmers are gonna take a cold bath while the banksters roll in the fiat.

~

... continual crisis ....

"You live in a theme park." - Joe Walsh

sleigher's picture

I was thinking about that exact thing while the mid-south, Texas, Kansas, Oklahoma are having huge wildfires that are nowhere to be seen in the news.  1 million acres and reportedly a million head of cattle lost?  Those are the numbers I have seen.  Record setting fires and losses and not a peep from the MSM.  Almost like we are being attacked...

 

Soul Glow's picture

Just imagine when the financial system crashes and those digits of ones and zeros have no value anymore.  People will try to spend them and everything will shut down.  It will be total chaos.  It will make this look like a cake walk.

Francis Marx's picture

 

All those intolerant Hillary voters will probably start killing each other once they get boxed in.

 

 

Logan 5's picture
Logan 5 (not verified) Francis Marx Mar 13, 2017 1:34 PM

Snake Plissken doesn't give a fuck about your war or [twice, in 2 tries, failed to be elected] President.

Joe Davola's picture

Whether surfing with Peter Fonda or hang gliding with Buscemi, Escape from LA was exceptionally bad!  (And not in the good kind of 'bad'.)

Logan 5's picture
Logan 5 (not verified) Joe Davola Mar 13, 2017 2:06 PM

What? U talking about pink pussy hat wearing Buscemi? That one?

 

http://www.huffingtonpost.com/entry/steve-buscemi-posed-with-the-most-pe...

 

no wonder it sucked

Francis Marx's picture

"Snake Plissken doesn't give a fuck about your war or [twice, in 2 tries, failed to be elected] President"

What are U talking about lol?

Bob Beachcomber's picture

Stupid fucks naming snowstorms.  Damn those libtards.

Logan 5's picture

Put a bunch of snowflakes all together at once & next thing u kno u have a blizzard.

spastic_colon's picture

how many snowflakes does it take to make a liberal blizzard.........one

SubjectivObject's picture

A collection of sjw snowflakes in motion is a lizzard.

Automatic Choke's picture

Global Warming.   The weather **MUST** be getting worse.   They never had to name winter storms when I was a kid.

theBigShort's picture

Was Clif High right in predicting freezing temps in Spring?

Logan 5's picture
Logan 5 (not verified) WTFUD Mar 13, 2017 1:58 PM

In the Rocky Mtns ~ CLOUDY... In the Cloudy Mtns ~ ROCKY...

WTFUD's picture

I hope there are no angry passengers due to the delay's and other infractions. Should one of those deplorables be sat sitting next to me i'll remind him it's my uterus, my choice.

coast1's picture

Now all that is needed is an earthquake in california, and I will start believing in God again  :-)

aloha_snakbar's picture
NatGas Price Soar


LULZ... never let a good climate related *disaster* go to waste... RUN sheeple, RUN.....

mayhem_korner's picture

$4 NY city gate spot price for natural gas hardly qualifies as a spike.  Wake me up when it's over $20.

aloha_snakbar's picture

I am thinking about naming my bowel movements. This morning I squeezed out a *California*...that was such an affront to the sewage system, I would not be suprised to see my utility bill spike by AT LEAST 1,000%....

Automatic Choke's picture

good job.   i keep getting "New Jersey" no matter what I do......

 

dr kill's picture

Let's name Stephanie Abrams bowel movements instead of winter storms.

adr's picture

This futures and spot price contract trading bullshit has to stop. Is one storm really going to reduce the supply glut?

SO far March has been the coldest one I can remember. We had below zero temps the last two weekends. April doesn't look much better either, forecast to be in the 30s and 40s. Doesn't bode well for flowers and trees.

Wouldn't you want to reduce the price heading into a cold spell so people use more gas instead of less? At least that would clear supply for long term price support. What happens next week after the storm passes, or better yet Friday? Spot goes back to $2.30?

The fucking retards that drove heating oil sky high just caused everyone to buy wood stoves and demand for heating oil cratered. So then the fucks tried to make having a wood stove illegal, or at least make it so hard to get a permit that people wouldn't try.

I'd be like Oprah, but instead of giving things away I'd be, "You lose your head, and you lose your head, EVERYONE CONNECTED TO WALL ST LOSES THEIR HEAD!!!!!!

rejected's picture

Another named snow storm.... sigh.

Is this a storm of the year, decade, century, millennium, since Christ or the beginning of time?

ReZn8r's picture

Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!

This would be a great time to issue arrest warrants for oliar and jarrett. They can't get out of the country because of the storm. HAHAHAHAHA