Thursday, November 15, 2012

EIA: Storage -18 to 3.911 Tcf

The EIA storage report showed that working gas in storage has topped out for the year (hopefully!).  By comparison, last year storage peaked the week of November 19.  This week, working gas in storage was down 18 Bcf to 3.911 Tcf.  This compares favorably to past years.  The weekly injection was 38 Bcf lower than last year (+20 Bcf) and 35 Bcf below the five year average (+17 Bcf).  The current storage level is 1.8% above last year (3.82 Tcf) and 5.6% above the five year average (3.685 Tcf).

Temperatures last week averaged 48.0 degrees, which was 1.1 degrees cooler than last year and 1.6 degrees cooler than average.

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