Working natural gas in storage fell to 3,831 Bcf as of Friday, December 2, according to EIA's WNGSR. This represents an implied net withdrawal of 20 Bcf. The withdrawal was much smaller than both the 5-year average withdrawal of 66 Bcf and last year's 79 Bcf draw. Stocks are now 307 Bcf above the 5-year average and 102 Bcf above last year.
The West Region has not had a net withdrawal in the past three weeks. The previous week's withdrawal was confined to the East Region while the other two regions continued to add natural gas to storage. This week saw a modest withdrawal in the Producing Region of 5 Bcf, and another slightly larger draw in the East Region of 16 Bcf. All three regions remain well above average levels, but the Producing Region stands out at 169 Bcf (16 percent) above average. Some of the relatively small draw can be attributed to abnormally high temperatures in most of the country as well as high production during the storage report week.
Temperatures during the week ending December 1 were 5.1 degrees warmer than the 30-year normal temperature level and 6.6 degrees warmer than last year. In fact, temperatures were slightly warmer than the previous week. Every region of the country except the West South Central was warmer than normal. The Northeast was warmest relative to normal with New England 10.7 degrees above average and the Middle Atlantic 10.0 degrees above. Heating degree-days were down 22.2 percent from normal and 26.6 percent from last year.