Thursday, May 22, 2014

EIA: Gas in Storage +106 Bcf to 1.266 Tcf

The EIA reported this morning that working gas in storage was up 106 Bcf to 1.266 Tcf.  The weekly injection was 18% greater than both last year and the five year average (both +90 Bcf).  The current storage level is now 37.9% below last year (2.04 Tcf) and 42.7% below the five year average (2.209 Tcf).

Temperatures in the Lower 48 last week averaged 64.9 degrees, which was 3.1 degrees warmer than last year and 3.9 degrees warmer than average.

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