Thursday, July 3, 2014

EIA: Gas in Storage +100 Bcf to 1.929 Tcf

The EIA announced this morning that working gas in storage was up 100 Bcf to 1.929 Tcf.  The weekly injection was 32% greater than last year (+76 Bcf) and 47% above the five year average (+68 Bcf).  The current storage level is now 25.7% below last year (2.595 Tcf, a difference of 666 Bcf) and 29.1% below the five year average (2.719 Tcf, a difference of 790 Bcf).

Temperatures last week in the Lower 48 averaged 73.7 degrees, which was 1.1 degrees warmer than last year and 1.1 degrees cooler than average.

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