EIA Storage Update: +80 Bcf vs +75 Bcf Est
Signal: Slight Bearish
As we navigate the fall shoulder season with limited weather-driven demand, the EIA reported an injection of 80 Bcf for the week. This was 5 Bcf larger than the consensus estimate of +75 Bcf. With total inventories now at 3724 Bcf, storage sits near the 5-year average, keeping the market balanced and represents a significant deficit compared to last year.
Near-normal weather expectations are keeping weather-related volatility subdued. Futures showed a moderate negative reaction to the data.
Why This Matters:
This slight bearish surprise puts downward pressure on gas prices and, by extension, ERCOT power pricing.
Summary
Working gas in storage was 3,724 Bcf as of Friday, October 23, 2026, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were 147 Bcf less than last year at this time and 38 Bcf above the five-year average of 3,686 Bcf. At 3,724 Bcf, total working gas is within the five-year historical range.
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