Thursday, February 24, 2011

EIA: Storage - 81 Bcf to 1.83 Tcf

The weekly EIA working gas in storage report showed an 81 Bcf net withdrawal, bringing the inventory level to 1.83 Tcf.  The weekly withdrawal was far below last year's (-174 Bcf) and the five year average (-148 Bcf), but the current level is still 2.6% below last year's level (2.052 Tcf) and 3.2% below the five year average (-2.039 Tcf).

Temperatures last week in the Lower 48 were warmer than previous averages, with an average of 40.1 degrees.  That's 7.4 degrees warmer than last year and 3.6 degrees warmer than the five year average.

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