Thursday, March 24, 2011

EIA: Storage -6 Bcf to 1.612 Tcf

The weekly EIA working gas in storage report showed a 6 Bcf net withdrawal, bringing the gas in storage to 1.612 Tcf.  The weekly withdrawal was greater than last year (a 7 Bcf injection) but lower than the five year average (-17 Bcf).  The current storage level is 12 Bcf (-0.7%) lower than last year but 34 Bcf (+2.2%), higher than the five year average.

Temperatures in the Lower 48 averaged 47 degrees, 1 degree cooler than last year and three degrees warmer than average.

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