The S&P 500 Index was off 2.4%, the Dow Jones was down 1.6%, the Nasdaq lost 3.2% and the Russell 2000 retreated 2.3% last week (read: Sector ETFs to Win/Lose Amid Surging Treasury Yields). The industry has been under stress lately due to the United Auto Workers union strike, Tesla’s margin woes, high inflation and higher rates. With forecasts for milder weather in the days ahead, the usage of the commodity to generate electricity to meet cooling demand is expected to be tepid.