# Fuel stocks and strategic reserves and Natural gas

Fuel stocks and strategic reserves needs natural gas; their prices have moved together.

Source page: https://www.materialinsights.org/links/fuel-stocks-and-strategic-reserves-and-natural-gas/

[Fuel stocks and strategic reserves](https://www.materialinsights.org/energy/e_fuel_stocks/) (energy) and [Natural gas](https://www.materialinsights.org/energy/natural_gas/) (energy): 2 relationships.

## How they are linked

### 1. Material need

*Physical flow · Direct · Natural gas → Fuel stocks and strategic reserves*

Building or running Fuel stocks and strategic reserves needs natural gas.

### 2. Price link: gas storage

*Cost and price · Moderate · Both ways*

Gas is also stored in caverns and depleted fields ahead of winter, and Europe now sets storage targets. European gas correlates with crude at 0.60 for yearly moves but only 0.15 for monthly moves.

- **0.15** monthly change correlation
- **0.60** 12-month change correlation
- **0.37** fitted elasticity

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