Tuesday, January 11, 2011

A Comparison of Gas, Ag Commodities, and the Dollar Over the Past Four Years

Four-Year Graphs: Gas/Agricultural Commodities/Dollar Value

Does food equal oil? The plotted values of these subjects demonstrate a remarkable correlation over the past four years.

U.S. Gasoline Prices:
big picture agriculture

Agriculture Commodity ETF DBA:
big picture agriculture

EUR/USD:
big picture agriculture

Graph 1.
Regular gas price in USD price per gallon (via gasbuddy.com)

Graph 2.
DBA: The index is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities: corn, wheat, soy beans and sugar. The index is intended to reflect the performance of the agricultural sector. (via yahoo finance)

Graph 3.
EUR/USD (EURUSD=X)(via yahoo finance)