The EIA recorded an injection of 80 bcf into the lower 48’s storage this past reporting week, pushing inventories 154 bcf above the 5-year average, slightly higher than expected. After the report’s release, NYMEX sold off, the front month settling down 7 cents to $2.94 US/mm.

Storage in western Canada is basically full, and Dawn still has a ways to go. Flows at Dawn on October 14th were flat due to dips in receipts from TCML and increased pulls from Union South, but overall there have been decent net injections this past couple weeks. Still though, Dawn inventories are below average for this time of year, and will need about 10 bcf of additional gas to be full in time for winter withdrawals.