Here's another perspective on natural gas storage. This is the relationship to the 5 year storage average. Last year on this date, we were at the 5 year max, 679 BCF above the average. This year, the anomaly has risen to 263 BCF from zero at Jan 1.
The grey region is the 5 year min-max deviation, which is revealing in that it shows how well the supply-demand balance guides inventories toward equilibrium by the end of injection season in November:
