OKLAHOMA CITY (AP) - Cold winter weather across the U.S. has led to another big drop in natural gas storage, but officials say supply levels still remain strong for this time of the year.
The U.S. Energy Information Administration says there was 1.71 trillion cubic feet natural gas in storage as of Feb. 27 after a 228 billion cubic feet net decline. The Oklahoman reports (https://bit.ly/1EtuyjP ) that the storage level is 492 billion cubic feet higher than last year at this time and 143 billion cubic feet below the five-year average.
The long, cold winter last year depleted the country’s storage to an 11-year low of 837 billion cubic feet when the storage season began on April 1. But strong production levels allowed storage to increase to 3.57 trillion cubic feet by Oct. 31.
Information from: The Oklahoman, https://www.newsok.com
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