Thursday, May 8, 2014

EIA: Gas in Storage +74 Bcf to 1.055 Tcf

Working gas in storage is back to being measured in Tcfs instead of Bcfs.  The EIA announced this morning that gas in storage was up 74 Bcf to 1.055 Tcf.  The injection was 9% lower than last year (+81 Bcf) and 3% above the five year average (+72 Bcf).  The current storage level is now 43.0% below last year (1.852 Tcf) and 48.2% below the five year average (2.037 Tcf).


Temperatures in the Lower 48 last week averaged 56.7 degrees, which was 1.6 degrees cooler than last year and 0.3 degrees cooler than average.

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