U.S. Natural Gas Market Summary

EIA Short-Term Energy Outlook
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Lower 48 Weekly Working Gas In Underground Storage
billion cubic feet

  • Working gas in storage was 3,039 Bcf as of Friday, January 10, according to EIA estimates. This represents a net decrease of 109 Bcf from the previous week. Stocks were 494 Bcf higher than last year and 149 Bcf above the five-year average of 2,890 Bcf. At 3,039 Bcf, total working gas is within the five-year historical range.

Lower 48 Weekly Working Gas Stocks, minus five-year average, and near-month futures prices
price of gas at the Henry Hub in dollars per million British thermal units

  • The chart above continues to imply the U.S. natural gas market is oversupplied.  However, Winter19/20 prices will be highly sensitive to weather, total demand loads, market positioning, capacity utilization of export capacity and expected end of March 2020 stock levels.

6-10 Day Outlooks

Temperature Probability

Precipitation Probability

8-14 Day Outlooks

Temperature Probability

Precipitation Probability

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