EIA Today in Energy

GAS FUTURESPJM ELECTRICMISO ELECTRICGAS INVENTORYSHORT-TERM WEATHERMID-TERM WEATHER

Gas Futures TableGas Futures Graph

PJM Electric TablePJM Graph

MISO TableMISO Graph

workinggasgraph

Working gas in storage was 3,564 Bcf as of Friday, November 18, 2022, according to EIA estimates. This represents a net decrease of 80 Bcf from the previous week. Stocks were 62 Bcf less than last year at this time and 39 Bcf below the five-year average of 3,603 Bcf. At 3,564 Bcf, total working gas is within the five-year historical range.

 

6dayweather8dayweather

weathermap

The December-January-February (DJF) 2022-2023 temperature outlook depicts elevated odds of below normal temperatures over the northern U.S., stretching from the Pacific Northwest to parts of the western Great Lakes. Below normal temperatures are also favored for the Alaska Panhandle and southeastern parts of Alaska. Above normal temperatures are more likely over the Southwestern U.S., stretching across the southern U.S. and into the Northeast. The highest probabilities for above normal temperatures are found over the Gulf Coast States. Over Alaska, above normal temperatures are most likely over the northwestern parts of the state.

The DJF 2022-2023 precipitation outlook favors above normal precipitation over the Pacific Northwest through parts of the Northern Plains, as well as over the Great Lakes and Ohio and Tennessee Valley regions. Elevated odds of below normal precipitation are favored over the southern third of the U.S., with the highest probabilities over parts of southeastern New Mexico and southern Texas, as well as parts of the Gulf Coast States. Over Alaska, a tilt toward above normal precipitation is favored over western Alaska, while enhanced probabilities of below normal precipitation are favored over parts of the South Coast.

Areas depicted in white and labeled “Equal-Chances” or “EC” are regions where climate signals are weak and so there are equal odds for either above-, near- or below-normal seasonal mean temperatures and total precipitation amounts.

Equatorial sea surface temperatures (SSTs) are below average across most of the Pacific Ocean and La Niña conditions are present. The La Niña state is expected to continue through DJF 2022-2023 (76% chance) followed by a transition to ENSO-neutral in February-April (FMA) 2023 (57% chance).