Thursday, February 21, 2013

EIA: Storage -127 Bcf to 2.4 Tcf

The EIA reported that working gas in storage dropped 127 Bcf to 2.4 Tcf.  The weekly withdrawal was 18% lower than last year (-155 Bcf) and 9% below the five year average (-140 Bcf).  The current storage level is 9.2% below last year (2.642 Tcf) but 17.7% above the five year average (2.039 Tcf).

While better than last year, the deviation between the current storage level and the five year average continues to widen.

Temperatures last week averaged 38.3 degrees, which was 3.3 degrees warmer than last year and 2.4 degrees warmer than average.

No comments: