Thursday, December 13, 2012

EIA: Storage UP(!) 2 Bcf to 3.806 Tcf

Proving that we are never quite out of the woods, the EIA reported a 2 Bcf net injection to working gas in storage, bringing the working gas in storage to 3.806 Tcf.  Quite a setback to the quest to regain normalcy, I'd say.  The net injection was way out of whack with last year (-79 Bcf) and the five year average (-113 Bcf).  The current storage level is 1.3% higher than the same time last year (3.758 Tcf) and 8.0% above the five year average (3.523 Tcf).  By comparison, last week, the difference between the current level and the five year average was 4.6%.

Temperatures last week averaged 49.3 degrees, which was 8.4 degrees warmer than last year and 9.3 degrees warmer than average.

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