Working natural gas in storage in the Lower 48 states ended the natural gas refill season (April 1-October 31) with more than 3,900 billion cubic feet (Bcf), according to estimates based on data from our Weekly Natural Gas Storage Report released on November 6. U.S. inventories are starting winter 2025-26 at about the same level as last year, the most since 2016. As of October 31, inventories are 4% above the five-year (2020-24) average after above-average injections into storage throughout much of the injection season.
