Friday, December 28, 2012

EIA Storage: -72 Bcf to 3.652 Tcf

Another week, another missed target for natural gas storage.  The EIA reported that last week's storage level decreased by 72 Bcf to 3.652 Tcf.  The weekly withdrawal was 17% below last year (-87 Bcf) and 49% below the five year average (-140 Bcf).  The current storage level is now 2.3% above last year's record level (3.571 Tcf) and 12.8% above the five year average (3.239 Tcf).

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