Thursday, May 31, 2012

EIA: Storage +71 Bcf to 2.815 Tcf

The EIA working gas in storage report was below average again this month with a 71 Bcf net injectin, bringing the total gas in storage to 2.815 Tcf.  The weekly injection was 20% below last year (+89 Bcf) and 29% below the five year average (+100 Bcf).  The current storage level is 35.1% above last year (2.083 Tcf) and 34.6% above the five year average (2.091 Tcf).


Temperatures in the Lower 48 last week averaged 67.6 degrees, which was 1.6 degrees warmer than last year and 3.6 degrees warmer than normal.

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