Thursday, March 19, 2015

EIA: Gas in Storage -45 Bcf to 1.467 Tcf

The EIA announced this morning that working gas in storage was down 45 Bcf to 1.467 Tcf.  The weekly withdrawal was 35% lower than last year (-69 Bcf) but exactly the same as the five year average.  The current storage level is now 52.8% higher than last year (960 Bcf, a difference of 507 Bcf) but 13.3% below the five year average (1.692 Tcf, a difference of 225 Bcf).

Temperatures last week in the Lower 48 averaged 43.4 degrees, which was on par with this week last year and 0.7 degrees warmer than average.

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