Crude oil and gasoline prices an asymmetric relationship
Natural gas prices have shown greater volatility historically than crude oil prices, while low natural gas prices have led sectors such as the transportation industry to use more natural gas over Crude oil and natural gas are both energy commodities. As such, we use these fuels to heat and cool our homes or supply other energy needs. The price relationship between crude oil and natural gas is an inter-commodity spread, in which the prices between the two change in relation to each other.