Thursday, June 24, 2010

Storage: +81 Bcf to 2.624 Tcf

The weekly EIA working gas in storage report showed an 81 Bcf increase in gas in storage, bringing the total to 2.624 Tcf.  This compared favorably to last year (+97 Bcf) and the five year average (+85 Bcf).  The weekly storage is now 0.5% below last year's number but 13.3% higher than the five year average.  The good news is that the spread between the current storage levels relative to the five year average is narrowing ever so slightly.

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