Thursday, December 5, 2013

Holy Macaroni! Gas in Storage down 162 Bcf This Week

The EIA reported that working gas in storage was down 162 Bcf this week to 3.614 Tcf.  The weekly withdrawal was 161% greater than last year (-62 Bcf) and 295% above the five year average (-41 Bcf).  The current storage level is now 5.2% below last year (3.814 Tcf) and 2.8% below the five year average (3.718 Tcf).  This week marks the first time in 18 weeks that the current storage level has been below the five year average.

Temperatures last week averaged 36.7 degrees, which was 7.4 degrees cooler than last year and 5.7 degrees cooler than average.

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