Thursday, May 3, 2012

EIA: Storage +28 Bcf to 2.576 Tcf

The EIA working gas in storage report showed a 28 Bcf increase, bringing the total gas in storage to 2.576 Tcf. The weekly injection was 53% lower than last year (+60 Bcf) and 65% lower than the five year average (+79 Bcf). While this is good news, the current storage level is still 48.4%, or 840 Bcf, greater than last year and 49.9%, or 857 Bcf, above the five year average.


Temperatures for the previous week were 1.7 degrees cooler than last year and 1.1 degrees warmer than the five  year average. But the average doesn't tell the story fairly. As the map below depicts, temperatures were hot relative to historical averages in the west and mountain region (12 degrees warmer than normal in the mountains) and slightly cool to normal in the eastern half of the country.

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