Thursday, April 2, 2015

EIA: Gas in Storage -18 Bcf to 1.461 Tcf

Reversing the previous week's injection, working gas in storage was down 18 Bcf last week to 1.461 Tcf.  The withdrawal was still 53 Bcf smaller than last year (-71 Bcf), but it was nearly in line with the five year average withdrawal of 22 Bcf.  The current storage level is now 75% higher than this week last year (833 Bcf, a difference of 628 Bcf) but remains 11.5% below the five year average (1.651 Tcf, a difference of 190 Bcf).

Temperatures in the Lower 48 last week averaged 47.1 degrees, which was 5.3 degrees warmer than last year and 0.4 degrees warmer than average.

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