Thursday, October 16, 2014

EIA: Gas in Storage +94 Bcf to 3.299 Tcf

The EIA announced this morning that working gas in storage was up 94 Bcf to 3.299 Tcf.  The weekly injection was 19% higher than last year (+79 Bcf) and 21% above the five year average (+78 Bcf).  The current storage level is now 9.4% below last year (3.643 Tcf, a difference of 344 Bcf) and 9.9% below the five year average (3.661 Tcf, a difference of 362 Bcf).

Temperatures in the Lower 48 averaged 61.1 degrees last week, which was 3.0 degrees cooler than last year but 0.6 degrees warmer than average.

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