# Energy in farming and Refining and reforming

Their prices have moved together.

Source page: https://www.materialinsights.org/links/energy-in-farming-and-refining-and-reforming/

[Energy in farming](https://www.materialinsights.org/energy/e_agri_energy/) (energy) and [Refining and reforming](https://www.materialinsights.org/energy/e_refining/) (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.