Thursday, December 1, 2011

EIA: Storage -1 Bcf to 3.851 Tcf

The EIA working gas in storage report showed its first net withdrawal of the season this week.  Unfortunately, it was only 1 Bcf, bringing the total gas in storage to 3.851 Tcf.  This withdrawal is 18 Bcf lower than last year (-19 Bcf) and 28 Bcf below the five year average (-29 Bcf).  The current storage level is now 1.1% above last year (3.81 Tcf) and 7.3% above the five year average (3.619 Tcf).

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