After a warmer-than-normal April across much of the US trimmed the use of natural gas for space heating, the US Energy Information Administration on Tuesday forecast that gas storage inventories will about equal the five-year average at the end of October. In the prior month, the agency expected that inventories would finish the April-to-October injection season 1% below the five-year average, but April turned out to be the second-warmest April in 23 years. “EIA estimates that relatively warm temperatures, combined with ongoing increases in natural gas production, contributed to the largest injection of natural gas into US working storage in April based on historical data going back to 1976,” the agency said in its May Short-Term Energy Outlook Amid growing production, EIA forecast that injections will outpace the previous five-year average from April through October, […]