Thursday, January 9, 2014

EIA Storage: -157 Bcf to 2.817 Tcf

The EIA reported this week that working gas in storage was down 157 Bcf to 2.817 Tcf.  The weekly withdrawal was 18% lower than last year (-191 Bcf) but 20% greater than the five year average (-131 Bcf).  The current storage level is now 15.8% below last year (3.345 Tcf) and 10.1% below the five year average.


With recent large withdrawals, the beginning of year deviation of the current storage level from the past couple of years is fairly wide:


Temperatures last week averaged 34.9 degrees, which was 3.2 degrees warmer than last year and 1.0 degree warmer than average.  Bet you won't be able to say that next week...

No comments: