Thursday, September 24, 2009

Storage Up, Not Too Bad

The EIA released the natural gas in storage number this morning. Storage was up 67 Bcf to 3.525 Tcf. It’s still on a record pace, but it is not growing as fast as it did a few months ago. The storage figure is 16.9% higher than the figure last year and 16.0% higher than the previous five year average. The spread over the five year average continues to narrow slightly, down from 16.4% last week.

Most of the gas seems headed east to the consuming region for storage.  It is also where the area with the smallest differential from the five year trailing average, as shown below.

No comments: