Thursday, March 7, 2013

EIA: Storage -146 Bcf to 2.083 Tcf

The EIA reported that working gas in storage declined 146 Bcf last week to 2.083 Tcf.  The weekly withdrawal was 59% larger than last year (-92 Bcf) and 36% greater than the five year average (-107 Bcf).  The current storage level is 14.8% lower than last year (2.444 Tcf) and 14.8% higher than the five year average (1.814 Tcf).

Temperatures last week averaged 38.1 degrees, which was 5.3 degrees cooler than last year and 1.4 degrees cooler than normal.

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