Thursday, July 10, 2014

EIA: Gas in Storage +93 Bcf to 2.022 Tcf

The EIA reported this morning that working gas in storage was up 93 Bcf to 2.022 Tcf.  The weekly injection was 16% greater than last year (+80 Bcf) and 29% above the five year average (+72 Bcf).  The current storage level is now 24.4% below last year (2.675 Tcf, a difference of 653 Bcf) and 27.6% below the five year average (2.791 Tcf, a difference of 769 Tcf).

Temperatures in the Lower 48 last week averaged 75.7 degrees, which was 0.1 degree cooler than last year and 1.9 degrees warmer than average.

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