The front futures hit their the highest price since Aug. 1 at $3.4150, now at $3.3960. We've had nothing cooking since exiting the short on the 8th. More this afternoon.
From the EIA:
for week ending August 9, 2013. | Released: August 15, 2013 at 10:30 a.m. | Next Release: August 22, 2013
| Working gas in underground storage, lower 48 states Summary text CSV JSN | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Historical Comparisons | |||||||||||||||
| Stocks billion cubic feet (Bcf) |
Year ago (08/09/12) |
5-Year average (2008-2012) |
|||||||||||||
| Region | 08/09/13 | 08/02/13 | change | (Bcf) | % change | (Bcf) | % change | ||||||||
| East | 1,459 | 1,408 | 51 | 1,660 | -12.1 | 1,558 | -6.4 | ||||||||
| West | 494 | 484 | 10 | 494 | 0.0 | 438 | 12.8 | ||||||||
| Producing | 1,053 | 1,049 | 4 | 1,105 | -4.7 | 967 | 8.9 | ||||||||
| Salt | 261 | 265 | -4 | 221 | 18.1 | 157 | 66.2 | ||||||||
| Nonsalt | 792 | 784 | 8 | 883 | -10.3 | 811 | -2.3 | ||||||||
| Total | 3,006 | 2,941 | 65 | 3,258 | -7.7 | 2,963 | 1.5 | ||||||||
Summary
Working gas in storage was 3,006 Bcf as of Friday, August 9, 2013, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were 252 Bcf less than last year at this time and 43 Bcf above the 5-year average of 2,963 Bcf. In the East Region, stocks were 99 Bcf below the 5-year average following net injections of 51 Bcf. Stocks in the Producing Region were 86 Bcf above the 5-year average of 967 Bcf after a net injection of 4 Bcf. Stocks in the West Region were 56 Bcf above the 5-year average after a net addition of 10 Bcf. At 3,006 Bcf, total working gas is within the 5-year historical range....MOREToday's action on the 5-minute chart via FinViz:
