Thursday, March 12, 2015

EIA: Gas in Storage -198 Bcf to 1.512 Tcf

The EIA announced this morning that working gas in storage was down 198 Bcf to 1.512 Tcf. The weekly withdrawal was 5% above last year (-189 Bcf) but 71% greater than the five year average (-116 Bcf).  The current storage level is now 46.9% above last year (1.029 Tcf, a difference of 483 Bcf) but 13.0% below the five year average (1.737 Tcf, a difference of 225 Bcf).

Temperatures in the Lower 48 last week averaged 31.4 degrees last week, which was 1.3 degrees warmer than last year but 9.4 degrees cooler than average.

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