Thursday, November 18, 2010

EIA: Storage +3 Bcf to 3.843 Tcf

The weekly EIA working gas in storage report showed only a 3 Bcf increase last week, bringing the total gas in storage to 3.843.  The current storage figure is a record high for the week, but only by a whisker (13 Bcf) over last year's level, but it is 9.3% higher than the five year average for this time (3.516 Tcf). The weekly injection was considerably lower than last year's (+21 Bcf) and the five year average (+18 Bcf).

Average temperatures across the country were just slightly above normal, but as the map below shows, the average was misleading because there was significant fluctuation by region.

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