August 28, 2026. According to Financial, the latest storage figures point to a relatively well-supplied U.S. natural gas market despite heavy summer cooling demand and continued growth in natural gas use by the power sector.
U.S. working gas stocks stood at 3,184 Bcf as of August 21, 167 Bcf (6%) above the five-year average but 30 Bcf (1%) below last year, after a slow 15 Bcf weekly injection versus a 33 Bcf five-year-average injection.
If remaining refill-season injections hold to the 10.4 Bcf/d five-year pace, inventories would reach about 3,920 Bcf by October 31—still 167 Bcf above the seasonal average—leaving the market well supplied despite summer power-sector gas use.
Demand fell 3.6 Bcf/d as power burn dropped 2.9 Bcf/d and LNG feedgas eased 0.4 Bcf/d on maintenance, while supply slipped 0.9 Bcf/d; departing LNG cargo capacity fell to 117 Bcf (31 vessels) from Sabine Pass, Corpus Christi, Plaquemines, Cameron, Calcasieu Pass, Freeport, Cove Point and Elba Island.
Southwest heat lifted California gas demand 0.6 Bcf/d and CAISO gas-fired generation 55%, but EPNG and Transwestern pipeline constraints limited westbound flows into Southern California and helped spike SoCal Border prices.
EIA petroleum data for the four weeks ending August 21 showed gasoline supplied at 8.9 million b/d (−1.1% y/y), distillates at 3.8 million b/d (−2.2%), and total petroleum products at 20.5 million b/d (−3.0%), while Henry Hub slipped to $2.81/MMBtu.
Read the full story on Financial.
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