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US Oil Consumption vs US Gross Savings
US Oil Consumption and US Gross Savings correlate at r = -0.27 over 55 years (1970–2024), p = 0.050. With the time trend removed, r = +0.12. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = 0.050) and the association survives trend removal (detrended r = 0.12). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.27
- p-value
- 0.050
- Years compared (n)
- 55 (1970–2024)
- 95% confidence interval
- -0.50 to -0.00
- Correlation with the time trend removed
- +0.12
Sources
- US Oil Consumption (TWh): Our World in Data. US Oil Consumption (Our World in Data: Oil).
- US Gross Savings (% of GDP): World Bank. US Gross Savings (World Bank indicator NY.GNS.ICTR.ZS).
Related pairs
- US Annual CO₂ Emissions vs US Oil Consumption (r = +0.90)
- US Oil Consumption vs US Military Expenditure (r = -0.84)
- US Gross Savings vs US College Enrollment (r = -0.80)
- US Oil Consumption vs US Electricity Use per Capita (r = +0.80)
- US Meat Consumption per Person vs US Oil Consumption (r = +0.79)
- US Oil Consumption vs US Health Expenditure (r = -0.76)
Correlation does not imply causation. How the verdict is worked out.