Thursday, December 23, 2010

EIA: Storage -184 Bcf to 3.368 Tcf

The weekly EIA working gas in storage report showed a 184 Bcf decrease, bringing the storage level down to 3.368 Tcf.  The EIA also announced that last week's storage level was misstated on the high end and was revised to be 9 Bcf lower.  The current stats reflect the revision.  The weekly withdrawal was higher than last year (-172 Bcf) and the five year average (-136 Bcf).  Current levels are 1.6% below last year's record level and 8.5% above the five year average.

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