Natural gas in storage fell 23 billion cubic feet to 1,830 bcf in the week ended March 31 from an unrevised 1,853 billion cubic feet in the week of March 24. Natural gas in storage rose 443 bcf or 31.9 percent from 1,387 in the year-ago week. Compared against the 5-year average of 1,532 bcf, natural gas stocks in the latest week were up 298 bcf or 19.5 percent.

The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.

Natural gas product prices are determined by supply and demand - just like any other good and service. During periods of strong economic growth, one would expect demand to be robust. If inventories are low, this may lead to increases in natural gas prices. If inventories are high and rising in a period of strong demand, prices may not need to increase at all, or as much. During a period of sluggish economic activity, demand for natural gas may not be as strong. If inventories are rising, this may push down natural gas prices.