Thursday, May 1, 2014

EIA: Gas in Storage +82 Bcf to 981 Bcf

The EIA reported this morning that working gas in storage was up 82 Bcf to 981 Bcf.  The injection was double last year (+41 Bcf) and 41% greater than the five year average (+58 Bcf).  The current storage level is now 44.6% below last year (1.771 Tcf) and just under half the five year average (1.965 Tcf).

Temperatures in the Lower 48 last week averaged 55.6 degrees, 4.0 degrees warmer than last year and 0.6 degrees warmer than average.

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