Thursday, July 18, 2013

EIA: Gas in Storage +58 Bcf to 2.745 Tcf

The EIA reported that working gas in storage was up 58 Bcf this week to 2.745 Tcf.  The weekly injection was double last year (+29 Bcf) but 17% below the five year average (+70 Bcf).  That breaks a six week losing streak against the five year average.  The current storage level is now 13.1% below last year (3.159 Tcf) and 1.2% below the five year average (2.779 Tcf).

Temperatures in the Lower 48 last week averaged 77.7 degrees, 1.6 degrees cooler than last year but 2.9 degrees warmer than average.

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