Working gas in storage was 2,034 Bcf as of Friday, March 13, 2020, according to EIA estimates. This represents a net decrease of 9 Bcf from the previous week. Stocks were 878 Bcf higher than last year at this time and 281 Bcf above the five-year average of 1,753 Bcf. At 2,034 Bcf, total working gas is within the five-year historical range.
The April-May-June (AMJ) temperature outlook favors seasonal mean temperatures to be above-normal for nearly all of the United States with the greatest odds forecast for northwest Alaska, California and the Southwest, along the Gulf Coast and for the eastern one-third of the country. Lower probabilities for above-normal temperatures are forecast for areas of the central lower 48 and the Alaska Panhandle. A similar pattern is forecast through the summer and autumn months moving forward.
For precipitation, there are elevated odds for above-normal seasonal total precipitation amounts for northwest Alaska and for most of the central and eastern U.S. with the highest chances located across the Ohio Valley. Below-normal precipitation is most likely for the South coast of Alaska southward and eastward to include the Pacific Northwest and northern California, the central Rockies, New Mexico and western and southern Texas. Progressing into and through summer 2020, the aforementioned regions of above- and below-normal precipitation are maintained, but at decreased coverage and confidence.