Thursday, May 5, 2011

EIA: Storage +72 Bcf to 1.757 Tcf

The weekly EIA working gas in storage report showed a 72 Bcf net injection last week, brining the total gas in storage to 1.757 Tcf.  The weekly injection was slightly below last year's injection (83 Bcf) and the five year average (78 Bcf). The current storage level is 11.4%, or 226 Bcf, below last year's level and 1.0%, or 17 Bcf, below the five year average.

Temperatures last week averaged 59.1 degrees, which was 2.9 degrees warmer than normal and 3.6 degrees warmer than last year.

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