Edmonds, WA Weather. Edmonds, WA climate is mild during summer when temperatures tend to be in the 60's and cold during winter when temperatures tend to be in the 40's. The warmest month of the year is August with an average maximum temperature of 75.80 degrees Fahrenheit, while the coldest month of the year is January with an average minimum temperature of 35.20 degrees Fahrenheit.
Heating oil prices are down about 18.6 percent from a year ago in Pennsylvania, so far beating the U.S. Energy Information Administration's prediction of a 15 percent drop this winter. I don't think anybody in the oil industry saw this coming, even a month ago.
Because of the weak state of the US energy producers, low oil could cause a jump in bad loans. That could tighten the system and ultimately crash markets. Historically a jump in oil prices are associated with down markets (NYSEARCA:SPY). Down oil has led to up markets. We recently wrote that we see oil turning lower (here and here). We want to show how this time a FALL (not a rise) in oil prices could be the key to hit markets. Falling oil prices can exacerbate a US credit problem. That would jump rates, tighten credit and potentially crash markets. Oil appears to have entered a down trend.