Thursday, July 24, 2014

EIA: Gas in Storage +90 Bcf to 2.219 Tcf

The EIA reported this morning that working gas in storage was up 90 Bcf to 2.219 Tcf.  The weekly injection was more than double last year (+43 Bcf) and 96% greater than the five year average (+46 Bcf).  The current storage level is now 20.2% below last year (2.78 Tcf, a difference of 561 Bcf) and 23.5% below the five year average (2.902 Tcf, a difference of 683 Bcf).

Temperatures in the Lower 48 last week averaged 74.1 degrees, which was 2.6 degrees cooler than last year and 1.0 degree cooler than average.

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