Thursday, April 9, 2015

EIA: Gas in Storage +15 Bcf to 1.476 Tcf

The EIA announced this morning that working gas in storage was up 15 Bcf to 1.476 Tcf.  The injection was 23 Bcf greater than last year (-8 Bcf) and 17 Bcf above the five year average (-2 Bcf).  The current storage level is now 78.9% (!!!) above last year (825 Bcf, a difference of 651 Bcf) but 10.5% below the five year average (1.649 Tcf, a difference of 173 Bcf).

Temperatures in the Lower 48 last week averaged 49.3 degrees, which was 1.6 degrees warmer than last year and 0.7 degrees warmer than average.

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