Thursday, April 3, 2014

EIA: Gas in Storage -74 Bcf to 822 Bcf

The EIA reported this morning that working gas in storage was down 74 Bcf last week to 822 Bcf.  The weekly withdrawal was actually 22% lower than last year (-95 Bcf) but nine times greater than the five year average (-8 Bcf).  The current storage level is 51.6% below last year (1.7 Tcf) and 54.7% below the five year average (1.814 Tcf).

Temperatures last week in the Lower 48 averaged 41.3 degrees, which was 1.3 degrees warmer than last year and 5.7 degrees cooler than average.

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