Thursday, December 3, 2009

Gas in Storage: +2 Bcf

The weekly storage number just won't stop going up!  It was up 2 Bcf last week, bringing the total (and all-time high) to 3.837 Tcf.  This is starting to get scary.  Last year this comparable week, storage dropped 65 Bcf.  The five year average for the comparable week is a 43 Bcf withdrawal. 

Breaking it down by region, the East region saw a 7 Bcf withdrawal, the West region saw a 1 Bcf injection and the Producing region saw an 8 Bcf injection.

Warmer than usual temperatures again seemed to be the culprit.  Just look at the 8 to 12 degree temperature deviations across the Upper Midwest and Northeast.

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