Summary
Working gas in storage was 2,952 Bcf as of Friday, July 17, 2009, according to EIA estimates. This represents a net increase of 66 Bcf from the previous week. Stocks were 568 Bcf higher than last year at this time and 458 Bcf above the 5-year average of 2,494 Bcf. In the East Region, stocks were 122 Bcf above the 5-year average following net injections of 56 Bcf. Stocks in the Producing Region were 252 Bcf above the 5-year average of 791 Bcf after a net injection of 11 Bcf. Stocks in the West Region were 84 Bcf above the 5-year average after a net drawdown of 1 Bcf. At 2,952 Bcf, total working gas is above the 5-year historical range.

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Not looking good for gas prices......

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