Thursday, May 15, 2014

EIA: Gas in Storage +105 Bcf to 1.16 Tcf

The EIA announced this morning that working gas in storage was up 105 Bcf last week to 1.16 Tcf.  The injection was 7% greater than last year (+98 Bcf) and 28% above the five year average (+82 Bcf).  The current storage level is 40.5% below last year (1.95 Tcf) and 45.3% below the five year average (2.119 Tcf).

Temperatures last week in the Lower 48 averaged 60.6 degrees, which was 2.0 degrees warmer than last year and 1.6 degrees warmer than average.

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