Thursday, December 24, 2009

Gas in Storage Down 166 Bcf

Today, the EIA reported that natural gas in storage was down 166 Bcf to 3.4 Tcf.  Last week's decrease outpaced the same week last year (-144 Bcf) and the five year average for the same week (-128 Bcf).  While this is promising, the gas in storage figure is still 11.8% higher than last year's figure and 13.1% higher than the five year average.  At least it's headed in the right direction.

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