Thursday, July 16, 2015

EIA: Gas in Storage +99 Bcf to 2.767 Tcf

The EIA announced another fat natural gas storage injection, as working gas in storage was up 99 Bcf to 2.767 Tcf.  The weekly injection was 6% below last year (+105 Bcf) but 39% higher than the five year average (+73 Bcf).  The current storage level is now 30.9% above last year (2.114 Tcf, a difference of 653 Bcf) and 2.7% above the five year average (2.694 Tcf, a difference of 73 Bcf).

Last week, temperatures in the Lower 48 averaged 74 degrees, which was 1 degree cooler than both last year and the average reading for this week.

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