Gas storage Dec 11big drawdown -190 bcf but stocks are higher than 5 yr average and US temps look to moderate after saturday. we ned a bunch of these big draws to get to $4 gas if that even possible.
contract is still climbing now at 3.47, maybe because the "
five-year average draw of 71 Bcf for the same week" dec 11 Summary
Working gas in storage was 3,747 Bcf as of Friday, December 6, 2024, according to EIA estimates. This represents a net decrease of 190 Bcf from the previous week. Stocks were 67 Bcf higher than last year at this time and 165 Bcf above the five-year average of 3,582 Bcf. At 3,747 Bcf, total working gas is within the five-year historical range.