Working natural gas in storage fell to 2,369 Bcf as of Friday, March 9, according to EIA's WNGSR. This represents an implied net withdrawal of 64 Bcf from the previous week, which is less than both the 5-year average implied net withdrawal of 79 Bcf, but higher than the year-ago implied net withdrawal of 60 Bcf. 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 55 Bcf (a 4.9 percent decline from the previous week’s level).
Stocks were 807 Bcf higher than the 5-year average level of 1,562 Bcf and 735 Bcf higher than last year at this time. Inventories in the Producing Region remain well above their 5-year average, at 361 Bcf (59.8 percent) above the region’s 5-year average of 604 Bcf . Stocks in the East and West Regions are also above their 5-year averages by 340 Bcf (47.3 percent) and 106 Bcf (44.4 percent), respectively.
Temperatures during the week ending March 8 were 3.7 degrees warmer than the 30-year normal temperature and 3.1 degrees warmer than the same period last year. During the week all regions with the exception of the Mountain Region in the West were warmer than normal. The East North Central Region in the Midwest and the Middle Atlantic Region in the Northeast were particularly warm, averaging 5.6 and 5.4 degrees warmer than normal, respectively. The average temperature in the Mountain Region in the West was cool, averaging 0.4 degrees cooler than normal. Heating degree-days nationwide were down 15.0 percent from normal and 12.9 percent from last year.