Bioethanol and Crude oil

Their prices have moved together.

Bioethanol (chemical) and Crude oil (energy): 1 relationship.

How they are linked

1. Price link: fuel competitor

Cost and price · Moderate · Both ways

Ethanol is blended into petrol, so oil and petrol prices set its value as a fuel. Monthly moves correlate at 0.21 and yearly at 0.51, with oil leading by about 1 month.

• 0.21 monthly change correlation
• 0.51 12-month change correlation
• 0.44 fitted elasticity

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