Working natural gas in storage fell to 2,433 Bcf as of Friday, March 2, according to EIA's WNGSR. This represents an implied net withdrawal of 80 Bcf from the previous week, which is less than both the 5-year average implied net withdrawal of 92 Bcf and the year-ago implied net withdrawal of 63 Bcf for the week. Inventories in all three regions posted declines, with the East Region contributing the most to this week's implied net withdrawal, with a decrease of 60 Bcf (a 5.1 percent decline from the previous week's level).
Stocks were 792 Bcf higher than the 5-year average level of 1,641 Bcf and 739 Bcf higher than last year at this time. Inventories in the Producing Region remain 352 Bcf (57.2 percent) above the region's 5-year average of 615 Bcf. Stocks in the East and West Regions are also above their 5-year averages by 333 Bcf (42.6 percent) and 108 Bcf (44.3 percent), respectively.
Temperatures during the week ending March 1 were 2.7 degrees warmer than the 30-year normal temperature and 3.0 degrees warmer than the same period last year. During the week all regions with the exception of the West were warmer than normal. The South was particularly warm, with the South Atlantic and East South Central Regions averaging 6.9 and 6.4 degrees warmer than normal, respectively. The average temperatures in the Pacific and Mountain Regions in the West were cool, averaging 3.9 and 2.1 degrees cooler than normal, respectively. Heating degree-days nationwide were down 10.1 percent from normal and 11.6 percent from last year.