Thursday, April 22, 2010

Gas in Storage: +73 Bcf

This week's working gas in storage showed an increase of 73 Bcf, bringing the total to 1.829 Tcf.  This compares unfavorably to last year and the five year average, whose withdrawals for the same week were 42 Bcf and 33 Bcf, respectively.  The current week's storage level is now 18.5% higher than the five year average. The red line on the chart below is starting to pierce the five year band, and it looks like we should get ready for another year of it riding above the band.

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