Thursday, July 12, 2012

EIA: Storage +33 Bcf to 3.135 Tcf

The EIA working gas in storage report showed a 33 Bcf net injection, bringing the total supply of gas in storage to 3.135 Tcf.  The weekly injection was 62% below last year (+87 Bcf) and 63% below the five year average (+90 Bcf).  The current storage level is 21.2% above last year (2.587 Tcf) and 19.7% above the five year average (2.619 Tcf).

Temperatures last week averaged 79.1 degrees across the country, 2.6 degrees warmer than last year and 5.1 degrees warmer than the 30 year average.  While the heat was stifling and led to increased demand on gas for power, there also were major power outages in the upper Mid-Atlantic and Appalachian.  I am not sure how the decreased demand from those power outages impacted overall electricity consumption. I'm sure someone has written about it, but I haven't gone looking for it.

No comments: