Friday, July 6, 2012

EIA: Storage +39 Bcf to 3.102 Tcf

The EIA working gas in storage report showed a 39 Bcf increase this week, bringing the total gas in storage in the U.S. to 3.102 Tcf.  The weekly injection was 57% below last year (+90 Bcf) and 51% below the five year average (+79 Bcf).  The current level is inching back into the normal range, but it still has a loooooong way to go.  The current level is 24.1% above last year (2.5 Tcf) and 22.7% above the five year average (2.45 Tcf).

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