The EIA reported that working gas in storage was down 111 Bcf last week to 2.157 Tcf. The weekly withdrawal was 55% below last year (-247 Bcf) and 38% lower than the five year average (-180 Bcf). The current storage level is now 45.8% higher than last year (1.479 Tcf, a difference of 678 Bcf) and 2.8% above the five year average (2.099 Tcf, a difference of 58 Bcf). This marks the first time since November 29, 2013 that the current level has been higher than the five year average.
Temperatures last week in the Lower 48 averaged 38 degrees,which was 12.3 degrees warmer than last year and 2.6 degrees warmer than average.