U.S. natural gas futures gained about 3% on Monday on forecasts for the weather to remain hotter than normal through early September, keeping air conditioning demand high, especially in Texas. That price increase occurred despite forecasts for less demand over the next two weeks than previously expected. Power demand in Texas was on track to hit an 11th all-time high this summer, with usage expected to reach 85,605 megawatts (MW) on Monday as homes and businesses keep their air conditioners cranked up during a lingering heat wave, according to the Electric Reliability Council of Texas (ERCOT), the state’s power grid ... (full story)