# CNG, LPG and biogas distribution and Crude oil

Their prices have moved together.

Source page: https://www.materialinsights.org/links/cng-lpg-and-biogas-distribution-and-crude-oil/

[CNG, LPG and biogas distribution](https://www.materialinsights.org/energy/e_cng_lpg/) (energy) and [Crude oil](https://www.materialinsights.org/energy/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.