Thursday, June 11, 2015

EIA: Natural Gas in Storage +111 Bcf to 2.344 Tcf

The EIA announced this morning that working gas in storage was up 111 Bcf to 2.344 Tcf.  The weekly injection was in line with last year (+109 Bcf) but 25% above the five year average (+89 Bcf).  The current storage level is now 47.2% above last year (1.591 Tcf, a difference of 753 Bcf) but 1.9% above the five year average (2.3 Tcf, a difference of 44 Bcf).

Temperatures in the Lower 48 last week averaged 66.9 degrees, which was 3.1 degrees cooler than last year and 0.3 degrees cooler than average.

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