Working gas in storage was 2,343 Bcf as of Friday, February 14, 2020, according to EIA estimates. This represents a net decrease of 151 Bcf from the previous week.
Stocks were 613 Bcf higher than last year at this time and 200 Bcf above the five-year average of 2,143 Bcf. At 2,343 Bcf, total working gas is within the five-year historical range.
The March-April-May (MAM) 2020 temperature outlook favors above normal temperatures from central and southern portions of the West, across the southern tier of the CONUS, northward to Great Lakes, and to the East Coast states. Increased chances for below normal temperatures during MAM are forecast across the northern Great Plains. Equal chances (EC) of above, near, or below normal temperatures are indicated across the remainder of the CONUS. Above normal temperatures are favored throughout much of Alaska, with the highest odds from the Seward Peninsula to about Point Lay.
The MAM 2020 precipitation outlook indicates enhanced probabilities of above normal seasonal total precipitation amounts from the Mississippi Valley to the East Coast. West of the Mississippi Valley, above normal seasonal total precipitation amounts are favored from the Northern Rockies to the Central Plains. Below normal seasonal precipitation amounts are favored across southwestern Oregon, California, southern Nevada, Arizona, New Mexico, and parts of West Texas. Equal chances (EC) are forecast among areas where seasonal precipitation amounts are expected to be similar to climatological probabilities. In Alaska, there are elevated probabilities of above normal seasonal total precipitation amounts from about the Alaska Range northward to the Arctic Coast. Elevated odds for below normal seasonal total precipitation amounts are confined to the southernmost portions of the Alaska Panhandle, while EC are indicated for southern coastal areas and Aleutians.