Natural gas in storage rose by 32 billion cubic feet to 3,134 in the June 28 week from a revised 3,102 in the June 21 week. The revision in the prior week altered the prior week's change to show an increase of 57 bcf rather than the 52 bcf rise initially reported.

For the latest week of June 28, natural gas in storage rose by 275 bcf or 9.6 percent from 2,859 bcf in the year-ago week. Compared with the 5-year average of 2,638 natural gas stocks in the latest week were up 496 bcf or 18.8 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.