Thursday, April 17, 2014

EIA: Storage +24 Bcf to 850 Bcf

EIA working gas in storage was up 24 Bcf last week to 850 Bcf.  The weekly injection was inline with last year (+25 Bcf) and 35% below the five year average (+37 Bcf).  The current storage level is 50.0% below last year (1.7 Tcf) and 54.3% below the five year average (1.823 Tcf).  The current storage level is now exactly 1/2 of last year's level and 1.01 Tcf below the five year average.  You probably won't see that again in coming years!

Temperatures last week averaged 51.7 degrees, which was 1.3 degrees cooler than last year and 1.1 degrees cooler than the five year average.

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