Thursday, April 26, 2012

EIA: Storage +47 Bcf to 2.548 Tcf

The weekly EIA working gas in storage report showed a 47 Bcf increase, bringing the total gas in storage to 2.548 Tcf. Last week's data was adjusted downward by 11 Bcf because of a revised submission, which means that the previous week's injection was only 14 Bcf. This week's injection is identical to the five year average but 34% higher than last year (+35 Bcf). The current storage level is 52.0% above last year (1.676 Tcf) and 55.4% above the five year average (1.64 Tcf).

Temperatures last week were 3.7 degrees warmer than last year and 4.1 degrees warmer than normal.

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