Thursday, June 23, 2011

EIA: Storage +98 Bcf to 2.354 Tcf

The weekly EIA working gas in storage report showed a 98 Bcf net injection, bringing the total inventory to 2.354 Tcf.  The weekly injection was 21% higher than last year (+81 Bcf) and 14% higher than the five year average (+86 Bcf). The current storage level is 9.9% lower than last year (258 Bcf) and 2.6% lower than the five year average.

Temperatures in the Lower 48 last week averaged 70.1 degrees, 2.3 degrees cooler than the previous week and 2.3 degrees cooler than last year but otherwise in line with historical averages.  

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