Natural Gas Storage Report - Mar 1

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Working gas in storage was 1,682 Bcf as of Friday, February 23, 2018, according to EIA estimates. This represents a net decrease of 78 Bcf from the previous week. Stocks were 680 Bcf less than last year at this time and 372 Bcf below the five-year average of 2,054 Bcf. At 1,682 Bcf, total working gas is within the five-year historical range.

Storage is already below the 5-year average level for March 31st and we have five more draws to go. The 5-year average for 3/31 is 1,700 Bcf.

MAJOR WINTER STORM HITTING NEW ENGLAND ON FRIDAY, MARCH 2

Evacuations of the coast are already being recommended along vulnerable areas of Massachusetts’ Cape Cod Bay, as a developing low-pressure system centered over Indiana on Thursday morning heads towards New England. The storm was bringing a swath of accumulating snow to southern lower Michigan, where up to 9” is expected. By Thursday night, when the low will be in western Pennsylvania, the system will undergo a complex interaction with a short-wave trough of low pressure to its north, resulting in the formation of a secondary area of low pressure--a nor’easter--off of the Northeast U.S. coast. This nor’easter will intensify dramatically to about a 975 mb central pressure on Friday, bringing a wide range of hazards to New England. Heavy rains of 2 – 3” in Rhode Island and Southeast Massachusetts will bring river flooding; heavy wet snows in excess of one foot in the higher elevations of New England will cause power outages; wind gusts in excess of 60 mph will affect the coasts of Connecticut, Rhode Island and Massachusetts, with hurricane-force wind gusts of 75 mph expected to occur on Cape Cod; and a storm surge of up to 4’ (with 25 - 35-foot waves) will cause major coastal flooding and erosion along the coast of eastern Massachusetts. A lesser storm surge of 2 – 3’ will affect the coasts of New Hampshire and Maine, causing mostly moderate flooding.

More details here: https://www.wunderground.com/cat6/major ... -noreaster