Thursday, January 31, 2013

EIA: Storage -194 Bcf to 2.802 Tcf

The EIA reported a 194 Bcf net withdrawal of gas in storage this week, bringing the total working gas in storage to 2.802 Tcf.  The withdrawal was 30% greater than last year (-149 Bcf) and 9% higher than the five year average (-178 Bcf).  The current storage level is now 6.7% below last year (3.004 Tcf) but 12.2% above the five year average (2.498 Tcf).

Temperatures last week averaged 33.0 degrees, which was 2.7 degrees cooler than last year and 0.1 degree cooler than average.

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