Thursday, September 16, 2010

EIA: Storage +103 Bcf to 3.267 Tcf

Working gas in storage took a big jump this week, increasing 103 Bcf to 3.267 Tcf.  The net injection was higher than both this week last year (+67 Bcf) and the five year average (+77 Bcf).  The current storage level is 5.3% below last year's level and 6.2% above the five year average.

Last week, average temperatures across the country were below normal, breaking an amazing 17 week streak of above normal temperatures.  Given the temperate weather across the country and the general end to the cooling season, the bump in storage is not a surprise, but I sure did get used to below average net injections.

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