Thursday, February 28, 2013

EIA: Storage -171 Bcf to 2.229 Tcf

The EIA reported that working gas in storage was down 171 Bcf this week to 2.229 Tcf.  The weekly withdrawal was 61% larger than last year (-106 Bcf) and 45% larger than the five year average (-118 Bcf).  The current storage level is 12.1% below last year (2.536 Tcf) and 16.0% above the five year average (1.921 Tcf).

Temperatures last week averaged 34.6 degrees, 6.3 degrees cooler than last year and 3.1 degrees cooler than average.

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