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Nice! Too bad they don't offer one more bar for aggregated data.

That said, contributions to the snowpack will show up in reservoirs next year, so reservoir levels will be trailing indicators of final recovery.

Recent winters have been so warm that early snow has melted very early. So reservoir levels are less of a trailing indicator than in the past.

However if we have significant snow right now, that won't be showing up in the reservoirs yet. :-)

Here's the current water content of snowpack, far below normal: http://cdec.water.ca.gov/cdecapp/snowapp/sweq.action

What's the unit on the y axis...?

TAF usually means Thousand Acre-Feet in water resources. (ie, a unit of volume.)