Thursday, July 25, 2013

EIA: Storage +41 Bcf to 2.786 Tcf

The EIA working gas in storage report showed a 41 Bcf increase this week to 2.786 Tcf.  The weekly injection was 58% higher than last year (+26 Bcf) but 23% below the five year average (+53 Bcf).  This is the second consecutive week that the injection came in below the five year average.  The current storage level is 12.5% below last year (3.185 Tcf) and 1.6% below the five year average (2.832 Tcf).

Temperatures last week in the Lower 48 averaged 77.4 degrees, 0.1 degrees cooler than last year and 2.0 degrees warmer than average.

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