Energy in farming and Refining and reforming

Their prices have moved together.

Energy in farming (energy) and Refining and reforming (energy): 1 relationship.

How they are linked

1. Price link: product

Cost and price · Strong · Both ways

Diesel, used in tractors, trucks and pumps, is a main refinery product. The diesel proxy correlates with the refinery index at 0.89 monthly and 0.98 yearly, since diesel is a large part of what the index measures.

• 0.89 monthly change correlation
• 0.98 12-month change correlation
• 0.79 fitted elasticity

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