Friday, December 12, 2014

EIA: Gas in Storage -51 Bcf to 3.359 Tcf

The EIA reported yesterday that working gas in storage was down 51 Bcf to 3.359 Tcf.  The withdrawal was 45% smaller than last year (-92 Bcf) and 29% smaller than the five year average (-72 Bcf).  The current storage level is now 5.2% below last year (3.545 Tcf, a difference of 186 Bcf) and 9.5% below the five year average (3.71 Tcf, a difference of 72 Bcf).

Temperatures in the Lower 48 last week averaged 41.7 degrees, which was 0.9 degrees warmer than last year and 1.1 degrees warmer than average.

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