US natural gas supplies grew last week

AP News
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Posted: Apr 19, 2012 10:47 AM
US natural gas supplies grew last week

The nation's natural gas supplies rose last week, the government said Thursday.

The Energy Department's Energy Information Administration reported that natural gas in storage grew by 2 billion cubic feet to 2.512 trillion cubic feet for the week ended April 13.

Analysts expected a rise of 24 billion to 28 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

The inventory level was 57.7 percent above the five-year average of 1.593 trillion cubic feet, and 53.1 percent above last year's level of 1.641 trillion cubic feet, according to the government data.

Natural gas fell 3 cents to $1.921 per 1,000 cubic feet in New York.