Thursday, May 9, 2013

EIA: Storage +88 Bcf to 1.865 Tcf

The EIA reported this week that working gas in storage increased 88 Bcf to 1.865 Tcf.  The weekly injection was nearly triple last year's injection (+30 Bcf) and 28% greater than the five year average (+69 Bcf).  The current storage level is now 28.3% lower than last year at this time and 5.0% below the five year average.

This week's higher than average injection broke a winning streak for 2013 storage.  For the previous eleven weeks, the weekly injection beat the five year average:

Temperatures in the Lower 48 last week averaged 59.6 degrees, which was 1.7 degrees warmer than last year and 2.1 degrees warmer than average.

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