Thursday, January 20, 2011

EIA: Storage -243 Bcf to 2.716 Tcf

The weekly EIA working gas in storage report showed a 243 Bcf weekly withdrawal from storage, bringing the storage level down to 2.716 Tcf.   The weekly withdrawal was on par with last year's weekly change -248 Bcf) but significantly greater than the five year average for this week (-133 Bcf).  The current storage level is 2.8% higher than last year at this same time and 1.9% higher than the five year average (down from a 5.8% discrepancy last week).

Temperatures last week were slightly warmer than the same week last year (although the withdrawal was about the same) but 4.7 degrees colder than average.

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