Working natural gas in storage fell to 2,888 Bcf as of Friday, February 3, according to EIA's WNGSR. This represents an implied net withdrawal of 78 Bcf from the previous week, which is 59 percent less than the 5-year average implied net withdrawal of 191 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 59 Bcf (a 4.0 percent decline from the previous week’s level).
Stocks were 714 Bcf higher than both the 5-year average level and the storage level from last year at this time; both of which were 2,174 Bcf. Inventories in the Producing Region remain above the 5-year average of 737 Bcf by 351 Bcf (47.6 percent). Stocks in the East and West Regions are also above their 5-year averages by 276 Bcf (24.3 percent) and 87 Bcf (28.9 percent), respectively.
Temperatures during the week ending February 2 were 9.7 degrees warmer than the 30-year normal temperature and 9.9 degrees warmer than the same period last year. At the national level, the average temperature was higher than the 30-year average by a greater margin than the last 12 weeks of warmer-than-normal temperatures. During the week all regions were warmer than normal, particularly the West North Central and East North Central regions in the Midwest and the Middle Atlantic region in the Northeast, averaging 14.4, 13.0, and 13.0 degrees above normal, respectively. Heating degree-days nationwide were down 31.1 percent from normal and 31.1 percent from last year.