Thursday, May 14, 2015

EIA: Gas in Storage +111 to 1.897 Tcf

The EIA announced this morning that working gas in storage was up 111 Bcf to 1.897 Tcf.  The weekly injection was 10% higher than last year (+101 Bcf) and 35% greater than the five year average (+82 Bcf).  The current storage level is now 65.7% above last year (1.145 Tcf, a difference of 752 Bcf) but 2.0% below the five year average (1.935 Tcf, a difference of 38 Bcf).

Temperatures last week in the Lower 48 averaged 63 degrees, which was 3.3 degrees warmer than last year and 4.1 degrees warmer than average.

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