Thursday, August 30, 2012

EIA: Storage +66 Bcf to 3.374 Tcf

The EIA working gas in storage report showed a 66 Bcf increase, bringing the total gas in storage to 3.374 Tcf.  The weekly injection was slightly higher but otherwise in line with last year (+60 Bcf) and the five year average (+62 Bcf).  Technically, it breaks a several months long string of beating prior year injections.  The current storage level is 14.6% above last year (2.945 Tcf) and 12.0% above the five year average (3.013 Tcf).

Temperatures last week averaged 72.3 degrees, which is 3.4 degrees cooler than last week and 1.3 degrees cooler than average.

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