More to come this afternoon, we are still looking for a trade to the top of last September's gap at $3.24.
From the EIA:
for week ending July 19, 2013. | Released: July 25, 2013 at 10:30 a.m. | Next Release: August 1, 2013
| Working gas in underground storage, lower 48 states Summary text CSV JSN | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Historical Comparisons | |||||||||||||||
| Stocks billion cubic feet (Bcf) |
Year ago (07/19/12) |
5-Year average (2008-2012) |
|||||||||||||
| Region | 07/19/13 | 07/12/13 | change | (Bcf) | % change | (Bcf) | % change | ||||||||
| East | 1,306 | 1,281 | 25 | 1,572 | -16.9 | 1,426 | -8.4 | ||||||||
| West | 455 | 451 | 4 | 494 | -7.9 | 426 | 6.8 | ||||||||
| Producing | 1,025 | 1,013 | 12 | 1,119 | -8.4 | 980 | 4.6 | ||||||||
| Salt | 274 | 275 | -1 | 243 | 12.8 | 172 | 59.3 | ||||||||
| Nonsalt | 751 | 739 | 12 | 876 | -14.3 | 807 | -6.9 | ||||||||
| Total | 2,786 | 2,745 | 41 | 3,185 | -12.5 | 2,832 | -1.6 | ||||||||
Working gas in storage was 2,786 Bcf as of Friday, July 19, 2013, according to EIA estimates. This represents a net increase of 41 Bcf from the previous week. Stocks were 399 Bcf less than last year at this time and 46 Bcf below the 5-year average of 2,832 Bcf. In the East Region, stocks were 120 Bcf below the 5-year average following net injections of 25 Bcf. Stocks in the Producing Region were 45 Bcf above the 5-year average of 980 Bcf after a net injection of 12 Bcf. Stocks in the West Region were 29 Bcf above the 5-year average after a net addition of 4 Bcf. At 2,786 Bcf, total working gas is within the 5-year historical range....MORE
