Thursday, December 6, 2012

EIA: Storage -73 Bcf to 3.804 Tcf

The EIA working gas in storage report showed a 73 Bcf net withdrawal, bringing the working gas in storage to 3.804 Tcf.  The net withdrawal was significantly better than the same week last year (-14 Bcf) and 43% lower than the five year average (-51 Bcf).  The current storage level is 0.9% below last year (3.837 Tcf) and 4.6% above the five year average (3.636 Tcf).  This week marks the first time since November 5, 2011 that the current year storage level has been lower than the previous year's.

Temperatures last week averaged 41.7 degrees, 5.9 degrees cooler than last year and 0.4 degrees cooler than average.

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