US Natural Gas Stockpile Sees Biggest Jump in 2 Years: EIA

The agency expects natural gas prices to move higher this year as more gas was withdrawn from storage this winter.

Pump jacks used for gas and oil extraction are seen over the Monterey Shale formation in Lost Hills, Calif., on March 24, 2014. David McNew/Getty Images

Natural gas stocks in storage in the United States rose by 107 billion cubic feet (Bcf) for the week ending April 25, according to a May 1 update from the Energy Information Administration (EIA).

This is the highest weekly gas stockpile addition in nearly two years. A buildup in gas inventories can happen due to several factors such as an increase in production or a decline in demand.