Thursday, April 10, 2014

EIA: Gas in Storage +4 Bcf to 826 Bcf

The EIA reported that working gas in storage was up 4 Bcf last week to 826 Bcf.  This is the first net injection since mid-November and, if it holds, marks the end of the winter withdrawal season.  This week last year saw a 25 Bcf withdrawal, but the current injection was largely in line with the five year average, which was up 9 Bcf.  The current storage level is 50.7% below last year (1.675 Tcf) and 54.7% below the five year average (1.823 Tcf).

Temperatures in the Lower 48 averaged 49.0 degrees last week, which was 1.6 degrees warmer than last year and 0.3 degrees warmer than average.

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