Thursday, May 7, 2015

EIA: Gas in Storage +76 Bcf to 1.786 Tcf

The EIA announced this morning that working gas in storage was up 76 Bcf to 1.786 Tcf.  The weekly injection was in line with last year (+75 Bcf) but 12% above the five year average (+68 Bcf).  The current storage level is now 71.1% above last year (1.044 Tcf, a difference of 742 Bcf) but 3.6% below the five year average (1.853 Tcf, a difference of 67 Bcf).


Temperatures last week in the Lower 48 averaged 55 degrees, which was 1.3 degrees cooler than last year and 1.9 degrees cooler than average.


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