Thursday, April 11, 2013

EIA: Storage -14 Bcf to 1.673 Tcf

The EIA reported that working gas in storage was down 14 Bcf last week to 1.673 Tcf.  The weekly change was net 25 Bcf greater than last year (an injection of 11 Bcf) and 29 Bcf greater than the five year average (an injection of 15 Bcf).  The current storage level is now 804 Bcf, or 32.5%, below last year (2.477 Tcf) and 66 Bcf, or 3.8%, below the five year average (1.739 Tcf).

Temperatures in the Lower 48 last week averaged 47.8 degrees, which was 7.4 degrees cooler than last year and 1.3 degrees cooler than average.

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