The gas pool and underground gas storage facility are simulated as nonlinear dynamic systems. For the first time the basic physic and mathematical models of gas density oscillations during the development of a gas pool and operation of an underground gas storage facility have been worked out. It is shown that the occurrence of oscillations is connected with heterogeneity of the reservoir, gas cross-flows between heterogeneity elements, and finiteness of velocity of gas pressure disturbances propagation in the reservoir bed.