Friday, May 13, 2011

EIA: Storage +70 Bcf to 1.827 Tcf

The weekly working gas in storage report showed a 70 Bcf net injection, bringing the storage level to 1.827 Tcf.  The current week's injection level was 25% lower than last week (93 Bcf) and 22% lower than the five year average (90 Bcf).  The current storage level is 249 Bcf lower than last year and 37 Bcf below the five year average.

Last week's temperatures averaged 56.6 degrees, which was 1.7 degrees cooler than normal and 5.7 degrees colder than last year.

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