Biomass and biofuel stores and Crude oil

Their prices have moved together.

Biomass and biofuel stores (energy) and Crude oil (energy): 1 relationship.

How they are linked

1. Price link: competing fuel

Cost and price · Moderate · Both ways

Ethanol is blended into petrol, so oil prices affect its demand and value. The link is weak monthly, at 0.21, and moderate yearly, at 0.51, because blending mandates set much of the demand regardless of price.

• 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.