Thursday, October 30, 2014

EIA: Storage +87 Bcf to 3.48 Tcf

The EIA reported this morning that working gas in storage was up 87 Bcf last week to 3.48 Tcf.  The weekly injection was 93% greater than last year (+45 Bcf) and 47% above the five year average (+59 Bcf).  The current storage level is now 7.8% below last year (3.774 Tcf, a difference of 294 Bcf) and 8.2% below the five year average (3.79 Tcf, a difference of 310 Bcf).

Temperatures in the Lower 48 last week averaged 56.7 degrees, which was 2.6 degrees warmer than last year and 1.7 degrees warmer than average.

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