Wednesday, November 21, 2012

EIA: Storage -38 Bcf to 3.873 Tcf

The EIA reported a 38  Bcf net withdrawal from storage last week, bringing the level of working gas in storage to 3.873 Tcf.  The weekly withdrawal compared favorably to benchmarks, being 47 Bcf lower than last year (+9 Bcf) and 41 Bcf lower than the five year average (+3 Bcf).  The current storage level is 0.6% above last year (3.849 Tcf) and 4.5% above the five year average (3.705 Tcf).

Temperatures last week averaged 48.0 degrees, 1.1 degrees cooler than last year and 1.6 degrees cooler than the five year average.

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