# Crude oil and Renewable diesel and SAF

Their prices have moved together.

Source page: https://www.materialinsights.org/links/crude-oil-and-renewable-diesel-and-saf/

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [Renewable diesel and SAF](https://www.materialinsights.org/energy/hvo_saf/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: fuel substitute

*Cost and price · Strong · Both ways*

Renewable diesel and sustainable aviation fuel compete with, and are priced against, fossil diesel and jet fuel. The proxy here is the US diesel index, which follows crude closely, with monthly moves correlating at 0.70 and yearly moves at 0.93.

- **0.70** monthly change correlation
- **0.93** 12-month change correlation
- **0.75** fitted elasticity

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