Crude oil and Internal combustion engines and gensets

Their prices have moved together.

Crude oil (energy) and Internal combustion engines and gensets (energy): 1 relationship.

How they are linked

1. Price link: fuel demand

Cost and price · Weak · Both ways

Engines burn petrol and diesel made from crude oil, so very high fuel prices can push buyers toward smaller or electric options. The index barely reacts, with monthly moves correlating at 0.10, because engine demand changes slowly with vehicle and equipment fleets.

• 0.10 monthly change correlation
• 0.03 12-month change correlation
• 0.03 fitted elasticity

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