Thursday, April 25, 2013

EIA: Storage +30 Bcf to 1.734 Tcf

The EIA reported that working gas in storage was up 30 Bcf this week to 1.734 Tcf.  The weekly injection was 30% lower than last year (+43 Bcf) and 40% below the five year average (+50 Bcf).  The current storage level is 31.8% below last year (2.541 Tcf) and 5.1% below the five year average (1.828 Tcf).

This is worth repeating:  the current storage level is 807 Bcf below where it was last year.  Not bad.

Temperatures last week averaged 53.7 degrees, 1.6 degrees cooler than last year and 0.7 degrees warmer than average.

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