Recent Increase in Natural Gas Storage

The Energy Information Administration (EIA) reported a significant increase in working gas storage across the United States, reaching 1,830 billion cubic feet for the week ending April 4. This marks a net increase of 57 billion cubic feet from the previous week, highlighting a notable uptick in natural gas inventories.

Year-over-Year Comparison

Despite this recent surge, gas stocks have decreased by 450 billion cubic feet compared to the same period last year. Furthermore, current levels remain 40 billion cubic feet below the five-year average of 1,870 bcf, indicating a complex landscape for natural gas storage and supply.

Historical Context

However, it's important to note that total working gas stocks are still within the five-year historical range, suggesting stability in the broader context of natural gas storage trends.