Friday, January 2, 2015

EIA: Storage -26 Bcf to 3.22 Tcf

The EIA reported Wednesday that working gas in storage was down 26 Bcf to 3.22 Tcf, another disappointing storage report.  The weekly withdrawal was 73% smaller than last year (-98 Bcf) and 77% below the five year average (-114 Bcf).  The current storage level is now 7.4% below last year (2.998 Tcf, a difference of 222 Bcf) but 2.5% below the five year average (3.301 Tcf, a difference of 114 Bcf).

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