U.S. Gas Storage Build of Just 15 Bcf Leaves Winter Cushion Thin

EIA reported working gas in storage at 3,184 Bcf as of August 21, 2026 — a net injection of just 15 Bcf. Late-August builds typically run larger as operators refill ahead of the November 1 withdrawal season. Persistent heat is pulling gas into power generation, leaving less for storage. Henry Hub futures settled at 2.881 on August 28. My concern: if injections keep undershooting, winter prices face upside pressure.