Thursday, February 12, 2015

EIA: Gas in Storage -160 Bcf to 2.268 Tcf

The EIA reported this morning that working gas in storage was down 160 Bcf last week to 2.268 Tcf.  The weekly withdrawal was 32% lower than last year (-234 Bcf) and 10% below the five year average (-178 Bcf).  The current storage level is now 31.4% higher than last year (1.726 Tcf, a difference of 542 Bcf) and only 0.5% below the five year average (2.279, a difference of 11 Bcf).

Temperatures in the Lower 48 last week averaged 33.1 degrees, which was 1.8 degrees warmer than last year but 1.1 degrees cooler than average.

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