Web withdrawals of pure gasoline from US storage totaled 2,264 billion cubic toes (Bcf) this winter (November 2021 by March 2022). This quantity is probably the most pure gasoline withdrawn from storage because the winter of 2017–18 and 10% greater than the earlier five-year (2016–17 to 2021–22) common, in accordance to EIA’s just lately launched Pure Gasoline Month-to-month, which incorporates information by March 2022.
Sometimes extra pure gasoline is withdrawn from storage in the US than is injected through the winter heating season as demand (together with consumption and exports) exceeds provide (together with manufacturing and imports). In the course of the heating season, pure gasoline have to be drawn from storage to satisfy this extra of demand over provide.
Working US pure gasoline storage ranges on the finish of March 2022 have been 1,401 Bcf, which is 11 Bcf increased than March 2018.
On common, demand for pure gasoline in the US exceeded provide by 14.9 billion cubic toes per day (Bcf/d) this previous winter. Common US provide and demand of pure gasoline each set document highs this previous winter with provide at 104.3 Bcf/d and demand at 119.2 Bcf/d. US pure gasoline provide and demand had been additional out of steadiness through the winter of 2017–18, leading to extra pure gasoline withdrawn from storage that winter.
Manufacturing of dry pure gasoline elevated in the US final winter in contrast with the one earlier than, averaging 95.6 Bcf/d, or near the 2019–20 winter document of 96.0 Bcf/d. US manufacturing has been usually rising since 2020, after declining due to decrease costs and diminished pure gasoline demand, however pure gasoline manufacturing through the winter didn’t attain its pre-COVID-19 pandemic degree. Imports of pure gasoline additionally elevated final winter in contrast with the one earlier than, averaging 8.7 Bcf/d.
Consumption of pure gasoline grew in the US to 99.5 Bcf/d final winter (0.4 Bcf/d lower than the 2018–19 winter document) due to extra pure gasoline consumption within the electrical energy sector. Pure gasoline consumed within the US electrical energy sector rose by 2.0 Bcf/d in contrast with the earlier winter (2020–21).
As well as, a colder-than-normal January contributed to extra US pure gasoline storage withdrawals than common for that month. Complete US demand, together with home consumption and exports, set a brand new document this winter, averaging 119.2 Bcf/d. A 2.0 Bcf/d rise in exports drove the expansion, led by a 1.8 Bcf/d improve in liquefied pure gasoline exports.
