Thursday, February 10, 2011

EIA: Storage -209 Bcf to 2.144 Tcf

With all the cold weather last week, the weekly EIA accounting of natural gas in storage took another steep drop, this week decreasing 209 Bcf to 2.144 Tcf.  The weekly withdrawal was 16% greater than this week last year (-180 Bcf) and 31% greater than the five year average for this week (-159 Bcf).  The current storage level is 4.4% lower than the same level last year (2.242 Tcf) and 2.1% lower than the five year average (2.189 Tcf).

A closeup of the spaghetti lines above:

Interestingly, temperatures last week, which averaged 32.1 degrees were 1.9 degrees warmer than the same week last year.  They were 2.0 degrees colder than the five year average.

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