Working gas in storage was 3,148 Bcf as of Friday, January 3, 2020, according to EIA estimates. This represents a net decrease of 44 Bcf from the previous week.
Stocks were 521 Bcf higher than last year at this time and 74 Bcf above the five-year average of 3,074 Bcf. At 3,148 Bcf, total working gas is within the five-year historical range.
The January-February-March (JFM) 2020 temperature outlook favors above-normal temperatures across the southern tier of the CONUS and along the West Coast. Increased chances for below-normal temperatures during JFM are forecast across the northern Great Plains, upper Mississippi Valley, and much of the Great Lakes. Equal Chances(EC) of above, near, or below normal temperatures are indicated across the remainder of the CONUS. Above-normal temperatures are favored throughout Alaska.
The JFM 2020 precipitation outlook indicates enhanced probabilities of above-normal seasonal total precipitation amounts for the northern Rockies, northern Great Plains, Missouri River Valley, middle to upper Mississippi Valley, Midwest, mid-Atlantic, and much of Alaska. Below-normal seasonal precipitation amounts are slightly favored across southern California, parts of the Southwest, Rio Grande Valley, and the Florida Peninsula. Equal Chances(EC) are forecast among areas where seasonal precipitation amounts are expected to be similar to climatological probabilities.