Wednesday, November 10, 2010

EIA: Storage +19 Bcf to 3.84 Tcf

Whew, a little relief from the weekly storage report.  The EIA reported that storage increased 19 Bcf last week to 3.84 Tcf.  It s a record high level, but the weekly injection is less than the 23 Bcf injection expected by analysts.  The weekly injection was 24% lower than last year's (+25 Bcf) and 37% lower than the five year average (+30 Bcf).  The current storage level stands 0.8% above last year's record figure and 9.8% above the five year average.


For the first time in a month, temperatures were slightly below the norm for the week.

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