Thursday, August 28, 2014

EIA: Gas in Storage +75 Bcf to 2.63 Tcf

The EIA reported that working gas in storage was up 75 Bcf to 2.63 Tcf.  The weekly injection was 15% above last year (+65 Bcf) and 29% greater than the five year average (+58 Bcf).  The current storage level is now 15.7% below last year (3.12 Tcf, a difference of 490 Bcf) and 16.5% below the five year average (3.148 Tcf, a difference of 518 Bcf).

Temperatures in the Lower 48 last week averaged 73.7 degrees, which was 1.3 degrees warmer than last year and 0.1 degree cooler than average.

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