Natural Gas Storage Report - July 16

dan_s · Post by **dan_s** » Thu Jul 16, 2015 10:41 am

Working gas in storage was 2,767 Bcf as of Friday, July 10, 2015, according to EIA estimates. This represents a net increase of 99 Bcf from the previous week. Stocks were 653 Bcf higher than last year at this time and 73 Bcf above the 5-year average of 2,694 Bcf.

Over the next six weeks we should see injections decline as demand for gas fired power plants picks up. Weather was mild through July 10. Heating up now in SE quarter of the U.S. where there are lots of gas fired "peaking plants" to make sure we have enough electricity to keep the AC running. We would die in Houston without AC in August.