Working gas in storage was 1,390 Bcf as of Friday, March 1, 2019, according to EIA estimates. This represents a net decrease of 149 Bcf from the previous week.
Stocks were 243 Bcf less than last year at this time and 464 Bcf below the five-year average of 1,854 Bcf. At 1,390 Bcf, total working gas is within the five-year historical range.
The March-April-May (MAM) 2019 temperature outlook favors above normal temperatures from the Rockies westward, for the eastern third of the contiguous 48 states, and for Alaska. Probabilities exceed 60% over the northern portions of Alaska, while probabilities elsewhere are lower. Probabilities across the east are rather modest. Equal chances are forecast for the Great Plains, upper great lakes, and the middle to upper Mississippi valley. This temperature outlook is based largely on recent dynamical and statistical model output, temperature trends, to a small extent effects related to an El Nino, and known correlations between antecedent soil moisture and temperature in the following months.
The MAM 2019 precipitation outlook indicates enhanced odds of above normal precipitation amounts from the southern Alaska coast northward to the northwest Alaska coastline. Above normal precipitation is also favored from the central Rockies to the southern plains, across to the southeast, and northward along the east coast into the mid-Atlantic. This precipitation outlook is based largely on recent dynamical and statistical model output, historical precipitation trends, and to a small extent, effects related to an El Nino.