Working gas in storage was 2,959 Bcf as of Friday, January 7, 2011, according to EIA estimates. This represents a net decline of 138 Bcf from the previous week. Stocks were 69 Bcf higher than last year at this time and 161 Bcf above the 5-year average of 2,798 Bcf.
Still bearish on natural gas prices. However, this is good for the consumer and good for the economy. Low heating bills will help offset the higher gasoline prices. This should also keep the electric bills down this summer.
Natural Gas Storage Report - January 7, 2011
Natural Gas Storage Report - January 7, 2011
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group