Thursday, August 23, 2007

Natural Gas Inventory Up

The United States national supply of natural gas that is in storage grew last week and is about 13 (thirteen) percent above the five-year average for this time of year, a government report said Thursday.

The United States Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states increased by 23 billion cubic feet to 2.93 trillion cubic feet for the week ending Aug. 17, compared with about 2.9 trillion cubic feet for the previous week.

The United States inventory level was above the five-year average of 2.59 trillion cubic feet in underground storage, and also above last year's storage level of 2.85 trillion cubic feet, according to the government data.

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