Gas Prices Continue To Climb As Cold Front Approaches

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Working gas in storage was 3,953 Bcf as of Friday, December 2, 2016, according to EIA estimates. This represents a net decline of 42 Bcf from the previous week. Stocks were 51 Bcf higher than last year at this time and 254 Bcf above the five-year average of 3,699 Bcf. Prices initially declined after the report, but ended the day up.

EIA Natural Gas Storage Data:

  • Total (12/02/16): 3,953 Bcf
  • Total (11/25/16): 3,995 Bcf
  • Net change: -42 Bcf
  • Implied flow: -42 Bcf
  • Year ago stocks: 3,902 Bcf
  • % change from year ago: 1.3 %
  • 5-year avg stocks: 3,699 Bcf
  • % change from 5-year avg: 6.9 %

Source: U.S. Energy Information Administration