Working gas in storage was 2,030 Bcf as of Friday, March 3, 2023, according to EIA estimates. This represents a net decrease of 84 Bcf from the previous week. Stocks were 493 Bcf higher than last year at this time and 359 Bcf above the five-year average of 1,671 Bcf. At 2,030 Bcf, total working gas is within the five-year historical range.
The March-April-May (MAM) 2023 temperature outlook favors below-normal temperatures from Washington and northern Oregon along the northern tier of the contiguous U.S. (CONUS) into the Northern Plains. Below-normal temperatures are also favored for southeastern Alaska. Above-normal temperatures are more likely for the southern and eastern CONUS along with western and northern Alaska.
The MAM 2023 precipitation outlook predicts elevated probabilities for above-normal precipitation for parts of western and northwestern Alaska, as well as for a large area of the Midwest and Mid-Atlantic, spanning from the Central Mississippi Valley to the Atlantic coast and from the central and eastern Great Lakes region to the Tennessee Valley. Below-normal precipitation is favored for the Southwest, eastern areas of the Great Basin, as well as parts of the central and southern Rockies. Below-normal precipitation is also favored for the southeastern coast of mainland Alaska and for the Alaska Panhandle.
Areas depicted in white are regions where climate signals are weak and uncertainty is high, such that there are equal chances (EC) for above-, near- or below-normal seasonal mean temperatures or total accumulated precipitation.