Working gas in storage was 2,825 Bcf as of Friday, May 20, 2016, according to EIA estimates. This represents a net increase of 71 Bcf from the previous week. Stocks were 756 Bcf higher than last year at this time and 769 Bcf above the five-year average of 2,056 Bcf. At 2,825 Bcf, total working gas is above the five-year historical range.
We are now in the high point of refill season. The next hope for natural gas prices is a long hot summer that increases demand from gas fired power plants.
To see a spreadsheet of gas storage builds and draws by week for the last five years go to: http://www.americanoilman.com/ Click on "Gas Storage" (upper left).
Natural Gas Storage Report - May 26
Natural Gas Storage Report - May 26
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group