Thursday, January 24, 2013

EIA: Storage -172 Bcf to 2.996 Tcf

The EIA natural gas storage report showed a 172 Bcf decrease this week, bringing the total working gas in storage to 2.996 Tcf.  The net withdrawal was in line with last year (-162 Bcf) and the five year average (-176 Bcf).  The current storage level is now 5.0% below last year (3.153 Tcf) and 12.0% above the five year average (2.676 Tcf).

Temperatures in the Lower 48 last week averaged 37.9 degrees, 1.6 degrees warmer than last year and 4.9 degrees warmer than average.

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