Thursday, August 27, 2015

EIA: Gas in Storage +69 Bcf to 3.099 Tcf

The EIA announced this morning that working gas in storage was up 69 Bcf last week to 3.099 Tcf.  The weekly injection more or less split the difference between last year's injection (+77 Bcf) and the five year average (+61 Bcf).  The current storage level is now 18.3% above last year (2.619 Tcf, a difference of 480 Bcf) and 2.9% higher than the five year average (3.011 Tcf, a difference of 88 Bcf).

Temperatures in the Lower 48 last week averaged 76 degrees, which was 3 degrees warmer than last year and 2 degrees warmer than average.  Looking at cooling degree days (CDD), a better gauge of A/C use, there were 82 population-weighted CDD last week, which was 22 more than last year and 16 more than the five year average.

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