Working natural gas in storage fell to 2,513 Bcf as of Friday, March 1, according to EIA's WNGSR. This represents an implied net withdrawal of 82 Bcf from the previous week, which is less than both the 5-year average implied net withdrawal of 118 Bcf and the year-ago implied net withdrawal of 85 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 58 Bcf (a 4.7 percent decline from the previous week’s level).
Stocks were 780 Bcf higher than the 5-year average level of 1,733 Bcf and 756 Bcf higher than last year at this time. Inventories in the Producing Region remain 344 Bcf (54.6 percent) above the region’s 5-year average of 630 Bcf . Stocks in the East and West Regions are also above their 5-year averages by 326 Bcf (38.4 percent) and 111 Bcf (43.7 percent), respectively.
Temperatures during the week ending February 23 were 4.4 degrees warmer than the 30-year normal temperature and 1.1 degrees warmer than the same period last year. During the week all regions with the exception of the Pacific Region were warmer than normal. The Northeast was particularly warm, with the New England and Middle Atlantic Regions averaging 8.3 and 7.4 degrees warmer than normal, respectively. The average temperature in the Pacific Region in the West was 0.3 degrees cooler than normal. Heating degree-days nationwide were down 16.3 percent from normal and 5.4 percent from last year.