Summary
Working gas in storage was 2,707 Bcf as of Friday, June 6, 2025, according to EIA estimates. This represents a net increase of 109 Bcf from the previous week. Stocks were 256 Bcf less than last year at this time and 139 Bcf above the five-year average of 2,568 Bcf. At 2,707 Bcf, total working gas is within the five-year historical range.
EIA Storage Report
Working Gas in Underground Storage Compared with 5-Year Range
Commentary
NGI is predicting a 106 Bcf injection, while a Reuters survey of 13 analysts predicted an average build of 108 Bcf. This compares with an injection of 77 Bcf during the same week a year ago and a five-year (2020-2024) average increase of 87 Bcf for this time of year. Bloomberg polled seven analysts who landed on a median injection of 108 Bcf.
Customer Takeaway
The July contract is trading at $3.56 after moving up to $3.82 last week. A heat wave is expected to move across the country, increasing demand for natural gas for cooling. The surplus to the five year average in inventories now stands at 5.4%. We should see downward pressure in pricing as this continues to improve.
Weather Forecast
The weather forecast Friday, June 20 through Tuesday, June 24th is expected to bring above average temperatures with heat indices in the 100’s. We recommend setting the thermostats to 78 degrees or above especially between the hours of 3:00 p.m. to 9:00 p.m. to reduce consumption.
Use fans. Fans alone aren’t adequate in a heat wave, but they can be used with an air conditioner— so you don’t have to blast the AC. Run a ceiling fan counter-clockwise, from your position looking up at it, to create a downdraft, and make sure to turn off your fan when you leave the room.
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