Working gas in storage was 3,680 Bcf as of Friday, September 30, 2016, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were 74 Bcf higher than last year at this time and 205 Bcf above the five-year average of 3,475 Bcf. At 3,680 Bcf, total working gas is above the five-year historical range. 

Estimate  69 Bcf

Vs

Actual 80 Bcf

The US Energy Information Administration will estimate a 69-Bcf injection to gas in underground storage for the reporting week that ended September 30, according to a consensus of analysts surveyed by Platts. The EIA plans to release its weekly storage report at 10:30 am EDT Thursday. A build of 69 Bcf would mark the largest weekly gain to stocks since an 82-Bcf injection was reported for the week ended May 27. However, it would remain below the 96-Bcf build reported at this time in 2015 as well as the five-year average injection, which is 95 Bcf, according to EIA data. The below-average build would mark the 22nd consecutive week that the injection was less than the five-year historical average and last year and would continue to shrink the storage surplus. It would also finally bring stocks below the five-year maximum of 3.675 Bcf seen in the corresponding week. Storage has remained above the five-year maximum level since April 15.          

10-10-16-a

10-10-16-b