Thursday, December 8, 2011

EIA: Storage -20 Bcf to 3.831 Tcf

The weekly EIA working gas in storage report showed a 20 Bcf net withdrawal, bringing the level of natural gas in storage down to 3.831 Tcf.  This is a meager withdrawal compared to last year (-81 Bcf) and the five year average (-66 Bcf).  The current storage level is now 2.7% above last year and 8.7% above the five year average.

At this time of year the withdrawals should be more significant.  The path of the red line on the chart below tells the sad story better than a thousand words.

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