Thursday, June 27, 2013

EIA: Storage +95 Bcf to 2.533

The storage injections keep climbing - so much for the big cushion earlier this year!  The EIA reported that working gas in storage increased 95 Bcf last week to 2.533 Tcf.  The weekly injection was 64% higher than last year (+58 Bcf) and 20% above the five year average (+79 Bcf).  The current storage level is now 17.1% below last year (3.055 Tcf) and 1.2% below the five year average (2.564 Tcf).

The difference between the current level and the five year average is now a scant 31 Bcf.  The chart below shows how the two figures have converged over the past couple of months:

Temperatures last week averaged 71.4 degrees, which was 0.6 degrees cooler than last year and 0.3 degrees warmer than average.

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