Thursday, July 7, 2011

EIA: Storage +95 Bcf to 2.527 Tcf

The weekly EIA working gas in storage report showed a 95 Bcf net injection, bringing the storage level to 2.527 Tcf.  The weekly injection was 25% higher than last year (+76 Bcf) and 19% higher than the five year average (+80 Bcf).  For the past several weeks the current injection has outpaced historical trends, so the current level versus past levels has creeped up slowly.  This week, the current storage level is 8.1% below than last year (2.751 Tcf) and 1.9% below the five year average (2.575 Tcf).

Temperatures last week averaged 73.1 degrees, 0.1 degrees cooler than normal and 2.4 degrees cooler than last year.

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