Aviation propulsion and Crude oil

Their prices have moved together.

Aviation propulsion (energy) and Crude oil (energy): 1 relationship.

How they are linked

1. Price link: fuel cost driver

Cost and price · Weak · Both ways

Oil prices drive jet fuel costs, which push airlines to replace older engines with more efficient ones. The engine index barely follows, with monthly moves correlating at 0.02, because orders are placed years ahead and prices are set by contract.

• 0.02 monthly change correlation
• 0.11 12-month change correlation
• -0.00 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.