Thursday, September 10, 2015

EIA: Gas in Storage +68 Bcf to 3.261 Tcf

The EIA announced this morning that working gas in storage was up 68 Bcf to 3.261 Tcf last week.  The weekly injection was 24% below last year (+90 Bcf) but 8% higher than the five year average (+63 Bcf).  The current storage level is now 17.0% higher than last year (2.788 Tcf, a difference of 473 Bcf) and 4.1% above the five year average (3.134 Tcf, a difference of 127 Bcf).

Temperatures in the Lower 48 last week averaged 75 degrees, which was 1 degree cooler than last year but 3 degrees warmer than average.  There were five fewer cooling degree days than last year and four fewer than the five year average.

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