Thursday, August 14, 2014

EIA: Gas in Storage +78 Bcf to 2.467 Tcf

This morning, the EIA announced that working gas in storage was up 78 Bcf to 2.467 Tcf.  The weekly injection was 11% above last year (+70 Bcf) and 73% greater than the five year average (+45 Bcf).  The current storage level is now 17.7% below last year (2.997 Tcf, a difference of 530 Bcf) and 18.9% below the five year average (3.042 Tcf, a difference of 575 Bcf).

Temperatures in the Lower 48 last week averaged 74.1 degrees, which was 0.1 degree warmer than last year and 1.0 degree cooler than average.

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