# Biomass and biofuel stores and Crude oil

Their prices have moved together.

Source page: https://www.materialinsights.org/links/biomass-and-biofuel-stores-and-crude-oil/

[Biomass and biofuel stores](https://www.materialinsights.org/energy/e_bio_store/) (energy) and [Crude oil](https://www.materialinsights.org/energy/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.