Thursday, February 16, 2012

EIA: Storage -127 Bcf to 2.761 Tcf

Another week, another crappy storage report.  The storage level dropped 127 Bcf to 2.761 Tcf.  Sounds like a lot, but it was still 45% lower than last year (-230 Bcf) and 29% below the five year average (-178 Bcf).  The current storage level is 817 Bcf, or 42.0%, below last year and 765 Bcf, or 38.3%, below the five year average.

Temperatures last week were warm: 9.9 degrees warmer than last year and 5.6 degrees warmer than the 30 year average.

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