Thursday, November 17, 2011

EIA: Storage +19 Bcf to 3.85 Tcf

The weekly EIA working gas in storage report showed a 19 Bcf increase, bringing the total storage level to 3.85 Tcf.  The current level is a record high, unfortunately not the kind of record that the gas industry wants to be setting.  The weekly injection was 20 Bcf higher than last year and 9 Bcf higher than the five year average.  The current storage level is 0.4% higher than last year (the first time it's been higher since March 2011) and 6.2% higher than the five year average.

Temperatures last week were normal, only 0.3 degrees below average.

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