Working gas in storage was 3,700 Bcf as of Friday, October 20, 2023, according to EIA estimates.
This represents a net increase of 74 Bcf from the previous week.
Stocks were 313 Bcf higher than last year at this time and 183 Bcf above the five-year average of 3,517 Bcf.
At 3,700 Bcf, total working gas is within the five-year historical range.
By mid-November storage should be ~3,800 Bcf, which is not a "glut" and storage will be back to normal with just a normal winter.
EIA - Natural Gas Storage Report - Oct 26
EIA - Natural Gas Storage Report - Oct 26
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group