The EIA’s storage report came in as an injection of 101 Bcf into the lower 48’s storage. Another big one, and the market subsequently sold off. The July front month ultimately settled down at $3.52 USD/mm. Inventories are still just above the 5-year average, an overall neutral impact on futures prices. At this point, the big question is what kind of summer we will have, and how it will impact storage. If the summer heat is manageable, with not much demand for air conditioning and leaving adequate gas supply for winter, the influence on prices could be quite bearish. And vice-versa. Currently, the summer is expected to be likely above normal temperatures.