CNG, LPG and biogas distribution and Crude oil

Their prices have moved together.

CNG, LPG and biogas distribution (energy) and Crude oil (energy): 1 relationship.

How they are linked

1. Price link: price benchmark

Cost and price · Strong · Both ways

Propane competes with oil products as fuel and petrochemical feedstock, and Middle East LPG contract prices track crude. Propane follows Brent fairly closely: monthly changes correlate at 0.67 and yearly changes at 0.80.

• 0.67 monthly change correlation
• 0.80 12-month change correlation
• 0.89 fitted elasticity

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