MassiveIndustry

(Fri, 25 Oct 2019) Working gas stocks climbed higher than the five-year average for the first time since the fall of 2017 as a result of near-record injections into working gas stocks during the 2019 refill season (typically April through November). The deficit to the five-year average reached 565 billion cubic feet (Bcf)—its highest level during 2019—during the week ending March 8. The deficit fell somewhat during the weeks leading up to the 2019 refill season. Working gas stocks entered the refill season this year 505 Bcf lower than the five-year average, but they increased in each successive week for the first 15 weeks of the refill season. The deficit to the five-year average continued to shrink in most of the weeks that followed.