Thursday, June 19, 2014

EIA: Gas in Storage +113 Bcf to 1.719 Tcf

The big storage injections continued this week as the EIA reported that working gas in storage was up 113 Bcf to 1.719 Tcf.  This week's injection was 23% above last year (+92 Bcf) and 30% greater than the five year average (+87 Bcf).  The current storage level is now 29.1% below last year (2.425 Tcf, a difference of 706 Bcf) and 33.1% below the five year average (2.57 Tcf, a difference of 851 Bcf).

Temperatures last week averaged 70.3 degrees, which was in line with temperatures the same week last year and 1.1 degrees warmer than average.

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