# Bioethanol and Refining and reforming

Their prices have moved together.

Source page: https://www.materialinsights.org/links/bioethanol-and-refining-and-reforming/

[Bioethanol](https://www.materialinsights.org/energy/bioethanol/) (chemical) and [Refining and reforming](https://www.materialinsights.org/energy/e_refining/) (energy): 1 relationship.

## How they are linked

### 1. Price link: petrol blending

*Cost and price · Moderate · Both ways*

Refiners blend ethanol into petrol, and refinery product prices set the price of what ethanol replaces. Monthly moves correlate at 0.34 and yearly at 0.56, stronger than for crude alone.

- **0.34** monthly change correlation
- **0.56** 12-month change correlation
- **0.49** fitted elasticity

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