Energy in farming and Sand & gravel

Their prices have moved together.

Energy in farming (energy) and Sand & gravel (commodity): 1 relationship.

How they are linked

1. Price link: fuel cost

Cost and price · Weak · Both ways

Loaders, dredgers and trucks run on diesel, the fuel tracked by this proxy. Yet the link is close to nil, yearly moves at -0.05, because aggregate producers set annual list prices and add fuel surcharges rather than changing base prices with diesel.

• -0.00 monthly change correlation
• -0.05 12-month change correlation
• 0.31 fitted elasticity

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