Working gas in storage was 3,133 Bcf as of Friday, July 3, 2020, according to EIA estimates. This represents a net increase of 56 Bcf from the previous week.
Stocks were 685 Bcf higher than last year at this time and 454 Bcf above the five-year average of 2,679 Bcf.
At 3,133 Bcf, total working gas is within the five-year historical range.
Weekly builds should keep falling as we move through a hot July.
EIA - Natural Gas Storage Report - July 9
EIA - Natural Gas Storage Report - July 9
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group