Thursday, June 5, 2014

EIA: Gas in Storage +119 Bcf to 1.499 Tcf

The EIA reported this morning that working gas in storage was up 119 Bcf to 1.499 Tcf.  The weekly injection was 10% greater than last year (+108 Bcf) and 28% above the five year average (+93 Bcf).  The current storage level is 33.0% below last year (2.236 Tcf, a difference of 737 Bcf) and 37.4% below the five year average (2.395 Tcf, a difference of 896 Bcf).

Temperatures in the Lower 48 last week averaged 68.4 degrees, which was 4.9 degrees warmer than last year and 3.0 degrees warmer than average.

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