Econoday Economic Report: EIA Natural Gas Report April 5, 2018

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EIA Natural Gas Report

Released On 4/5/2018 10:30:00 AM For wk3/30, 2018

	Prior	Actual
Weekly Change	-63 bcf	-29 bcf

Highlights
Natural gas in storage fell 29 billion cubic feet in the March 30 week to 1,354 bcf. The drawdown exceeded the 12 bcf average weekly decline for the comparable week in the last five years and brings the heating season, when draws are the norm, to its traditional end. Gas stocks remained within the 5-year historical range for this time of year but were 34.0 percent below last year's level and 20.4 percent below the 5-year average for the period.

Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products. Why Investors Care