Thursday, August 11, 2011

EIA: Storage +25 Bcf to 2.783 Tcf

The weekly EIA working gas in storage report showed a 25 Bcf net injection, bringing the total gas in storage to 2.783 Tcf. The weekly injection was 11% lower than last year (+36 Bcf) and 12% lower than the five year average (+37 Bcf).  The current storage level is 197 Bcf below last year's level (2.98 Tcf) and 80 Bcf below the five year average (2.863 Tcf).


Temperatures last week averaged 79.3 degrees, which was about 4 degrees warmer than normal.  Looking at the  map below, you can see where the hot spot was.  With the fairly low injection last week, at least there was some redeeming value from sweating our you know whats off.

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