Natural Gas Fill Rate -- Evidence Of Huge Switch From Coal To Natural Gas -- June 4, 2015

NG fill rate: 132 (a dynamic link).

Working gas in storage was 2,233 Bcf as of Friday, May 29, 2015, according to EIA estimates. This represents a net increase of 132 Bcf from the previous week. Stocks were 751 Bcf higher than last year at this time and 22 Bcf above the 5-year average of 2,211 Bcf. In the East Region, stocks were 115 Bcf below the 5-year average following net injections of 73 Bcf.

Two comments:

• yes, the US natural gas stocks are slightly -- but very slightly -- higher than the 5-year average, and this is occurring despite huge production; it simply shows how fast the industry is switching from coal to natural gas
• second, it's the northeast region that is most concerning; they need a huge positive number going into winter, particularly if it's a cold winter or a prolonged winter, and right now the East Region is below their 5-year average