Thursday, March 6, 2014

EIA: Gas in Storage -152 to 1.196 Tcf

The EIA reported today that working gas in storage was down 152 Bcf last week to 1.196 Tcf.  The withdrawal was in line with last year (-149 Bcf) but 45% greater than the five year average (-105 Bcf).  The current storage level is 43.2% below last year (2.104 Tcf, a difference of 908 Bcf) and 38.8% below the five year average (1.954 Tcf, a difference of 758 Bcf).

Temperatures in the Lower 48 last week averaged 36.9 degrees, in line with last year but 2.4 degrees cooler than average.

1 comment:

Anonymous said...

Gas in storage is about half the 2012 levels for the same point in February/March. We still have plenty of volatility in the gas industry.