U.S. gas inventories hit 3.652 trillion cubic feet in the week ended Dec. 21, or a record for that period of the year, with supplies 12.8% above the five-year average, but it was lower than the 3.929 trillion cubic feet all-time high for the week ended Nov. 2.
The U.S. is currently experiencing a boom in oil and natural gas production – America has met 83% of its energy needs in the first nine months of the year. The government estimates that natural gas output rose 0.6% over 2012. [ETF Chart of the Day: Natural Gas Fracking]
United States Natural Gas Fund
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Max Chen contributed to this article.