Prices of natural gas futures retreated on Tuesday, as weather forecasts call for mild summer temperatures across large parts of the country. Long-term forecasts from both Commodity Weather Group LLC and WeatherBELL Analytics LLC show repeated cool fronts sweeping over parts of the Rockies, the Midwest and the East Coast for at least the next six weeks. Commodity Weather Group made its summer outlook public on Tuesday, a day after sending it to clients, showing a forecast adjustment for August and September that took most of the eastern states and the large parts of the Rockies from normal temperatures to below-average temperatures. Limited hot weather makes people less likely to use air conditioners and to ramp up demand for gas-fired power. Forecasts for cool weather had already sent prices down sharply on Monday. And near-term updates around noon on Tuesday also eliminated some previous signs of […]