Platts
Increased natural gas use this summer to meet air conditioning demand has not impeded injections of gas into storage, putting gas inventories on track to reach their second-highest level on record by the end of October, the US Energy Information Administration said Tuesday in its monthly outlook.
Inventories at the end of July were 23% higher than a year ago and 2% above the previous five-year average for that week at 2.912 Tcf, EIA said in its August Short-Term Energy Outlook.
Inventories began the gas refill season in April about 173 Bcf below the five-year average, but record…