The U.S. Energy Information Administration reported working gas in storage was 2,356 Bcf as of Friday, February 17, 2017. This represents a net decrease of 89 Bcf from the previous week. Stocks were 261 Bcf less than last year at this time and 156 Bcf above the five-year average. At 2,356 Bcf, total working gas is within the five-year historical range.
There are signs of an El Nino developing in the Pacific (warm water temperatures). El nino tends to make for cooler summers on the east coast.
EIA Natural Gas Storage Data:
- Total (02/17/17): 2,356 Bcf
- Total (02/10/17): 2,445 Bcf
- Net change: -89 Bcf
- Implied flow: -89 Bcf
- Year ago stocks: 2,617 Bcf
- % change from year ago: -10.0 %
- 5-year avg stocks: 2,200 Bcf
- % change from 5-year avg: 7.1 %
