Thursday, September 13, 2012

EIA: Storage +27 Bcf to 3.429 Tcf

The EIA working gas in storage report was up 27 Bcf this week to 3.429 Tcf. The weekly injection was 66% lower than last year (+80 Bcf) and 63% lower than the five year average (+72 Bcf). The current storage level is now 11.1% above last year and 9.0% above the five year average.  This week marks the first time the spread above the five year average storage level has been in single digit percentage points since December 8, 2011.

Hey, look!  On the EIA's version of the above data (showing a range instead of a center point), the red line is almost creeping into the historical norm.
Temperatures last week averaged 76.1 degrees, which was 4.0 degrees warmer than last year and 5.1 degrees warmer than average.

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