Thursday, May 19, 2011

EIA: Storage +92 Bcf to 1.919 Tcf

The weekly EIA working gas in storage report showed a 92 Bcf net injection, bringing the total gas in storage to 1.919 Tcf.  The weekly injection was comparable to the five year average (+91 Bcf) but 14 Bcf higher than last year (+78 Bcf).  The current storage level is 1.8% lower than the five year average and 10.9% lower than last year.

Temperatures last week averaged 63 degrees, 2.9 degrees warmer than normal and 5.9 degrees warmer than last year.

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