Working gas in storage was 2,333 Bcf as of Friday, April 12, 2024, according to EIA estimates. This represents a net increase of 50 Bcf from the previous week. Stocks were 424 Bcf higher than last year at this time and 622 Bcf above the five-year average of 1,711 Bcf. At 2,333 Bcf, total working gas is above the five-year historical range.

During mid-April 2024, an El Niño Advisory remains in effect but the oceanic temperature anomalies associated with El Niño are rapidly fading. There is an 85% chance that ENSO neutral will be in place by the end of the April-May-June (AMJ) season. There is a 60% chance of additional transitioning of the ENSO phase from ENSO Neutral to La Niña by summer (June-July-August, JJA), with La Niña conditions favored to strengthen and continue through boreal autumn and winter. Therefore, a La Niña Watch has also been issued.

The May-June-July (MJJ) 2024 temperature outlook favors above-normal seasonal mean temperatures for central and eastern Alaska, the far West excluding southwestern California, and most of the remainder of the Contiguous U.S. (CONUS) with the exception of the north-central states. Maximum probabilities (>50%) favoring above-normal temperatures are indicated over eastern Alaska, parts of the Northwest, the eastern Great Lakes and Northeast, and over New Mexico, southwestern Texas, and southern Florida. For southwestern California, near-normal seasonal mean temperatures are favored. For remaining areas of the CONUS and Alaska, Equal Chances (EC) of below, near, and above-normal seasonal mean temperatures are favored. No areas of favored below-normal temperatures are forecast for the MJJ season.

The MJJ 2024 precipitation outlook favors above-normal seasonal total precipitation amounts for approximately the western half of Alaska, and from the southeastern quarter of the CONUS northeastward across the Mid-Atlantic region, southeastern New York state, and southern New England. Below-normal precipitation is favored for parts of the northwestern CONUS, and from eastern sections of Utah and Arizona eastward across Colorado, New Mexico, and much of West Texas. For the remaining areas of the CONUS and Alaska, where seasonal total precipitation amounts are favored to be similar to climatological probabilities, EC is forecast