Cold Weather To Bring Big Weekly Nat Gas Draw

Written by on April 3, 2014 in NatGasWeather - No comments

Coming Storage Report To Factor Cold Conditions

 

The weekly nat gas storage report should bring in a hefty number with analysts expecting a -73 to -80 Bcf draw.  This would push reserves just a bit over 800 Bcf, which would also likely be the seasonal minimum with supplies being replenished from here on out.  The draw week was active with numerous weather systems tracking across the nation, but more importantly, each one brought down chilly Canadian air and often fairly deep into the central and southeastern US.  As a result, the north-central US into the Midwest experienced the coldest conditions with lows 15°F colder than normal while the highest use states over the Ohio Valley Region and Northeast saw conditions 8-15°F colder than normal.  The image below highlights average temperatures over the draw week as well as regions where they significantly departed from normal. Only the southwestern US saw temperatures warmer than normal for the week.

 

 

Thursday mornings nat gas weekly draw will be factoring some chilly temperatures.  A good majority of the central and easern US experienced oveall below normal temperatures, some of which was 20+F colder than normal.

Thursday mornings nat gas weekly draw will be factoring some chilly temperatures. A good majority of the central and eastern US experienced overall below normal temperatures, some of which was 10+F colder than normal, which is a fairly large number to average over a week.  The top image shows the average temperatures for the draw week, the bottom one shows temperatures compared to normal in  Fahrenheit, with blue colder than normal.

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