Thursday, September 3, 2015

EIA: Gas in Storage +86 Bcf to 3.193 Tcf

The EIA reported this morning that working gas in storage was up 86 Bcf to 3.193 Tcf.  The EIA reclassified some of last week's results to get to the 86 Bcf implied flow.  In any case, the weekly injection was substantial:  it was 9% above last year (+79 Bcf) but 43% greater than the five year average (+60 Bcf).  The current storage level is now 18.3% above last year (2.698 Tcf, a difference of 495 Bcf) and 4.0% above the five year average (3.071 Tcf, a difference of 122 Bcf).

Temperatures in the Lower 48 last week averaged 72 degrees, which was 3 degrees cooler than last year and 1 degree cooler than average.  THere were 58 population-weighted cooling degree days, which was 15 fewer than last year and 11 less than the five year average.

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