Weekly Natural Gas Storage Report 3/1
Summary
Working gas in storage was 2,513 Bcf as of Friday, February 24, 2012, according to EIA estimates. This represents a net decline of 82 Bcf from the previous week. Stocks were 756 Bcf higher than last year at this time and 780 Bcf above the 5-year average of 1,733 Bcf. In the East Region, stocks were 326 Bcf above the 5-year average following net withdrawals of 58 Bcf. Stocks in the Producing Region were 344 Bcf above the 5-year average of 630 Bcf after a net withdrawal of 19 Bcf. Stocks in the West Region were 111 Bcf above the 5-year average after a net drawdown of 5 Bcf. At 2,513 Bcf, total working gas is above the 5-year historical range.