Thursday, October 8, 2015

EIA: Gas in Storage +95 Bcf to 3.633 Tcf

It's the same old story:  the weekly gas injection is a little below the same week last year but a little above the five year average.  The EIA reported this morning that working gas in storage last week was up 95 Bcf to 3.633 Tcf.  The weekly injection was 10% below last year (+106 Bcf) but 3% above the five year average (+92 Bcf).  The current storage level is now 13.9% lower than last year (3.19 Tcf, a difference of 443 Bcf) but 4.5% higher than the five year average (3.478 Tcf, a difference of 155 Bcf).

Temperatures last week averaged 68 degrees, which was 2 degrees warmer than last year and 5 degrees warmer than average.  There were 38 population-weighted cooling degree days, which was 11 more than last year and 10 more than the five year average.  There were also 17 population-weighted heating degree days last week, equal to last year and three fewer than the five year average.

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