Thursday, June 26, 2014

EIA: Storage +110 Bcf to 1.829 Tcf

The EIA reported another healthy increase in working gas in storage, which was up 110 Bcf to 1.829 Tcf.  The weekly injection was 17% higher than last year (+94 Bcf) and 36% above the five year average (+81 Bcf).  The current storage level is now 27.4% below last year (2.519 Tcf, a difference of 690 Bcf) and 31.0% below the five year average (2.651 Tcf, a difference of 822 Bcf).

Temperatures in the lower 48 averaged 72.0 degrees, which was 0.6 degrees warmer than last year and 1.1 degrees warmer than average.

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