Thursday, July 23, 2015

EIA: Storage +61 Bcf to 2.828 Tcf

The EIA announced this morning that working gas in storage was up 61 Bcf to 2.828 Tcf.  Because of a correction of previous data, the implied flow was 68 Bcf, but the actual difference from last week is 61 Bcf, so I'll go with that.  The weekly injection was 34% below last year (+92 Bcf) but 15% higher than the five year average (+53 Bcf).  The current storage level is now 28.8% above last year (2.206 Tcf, a difference of 622 Bcf) and 2.9% higher than the five year average (2.747 Tcf, a difference of 81 Bcf).

Temperatures in the Lower 48 last week averaged 75 degrees, which was 1 degree warmer than last year and in line with the average for the week.

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