When the price of oil goes up, is there any other investment, besides oil companies that correspond with that?

oil services, drillers, etc. + alternative energy.

Any petroleum based product, such as vaseline, will increase in price.

My mum is a banker and i have asked her this before. When you hear on the news that "the price of oil has gone up". that means that the price of a barrel of oil has risen in cost. Now gas prices relate to several factors. 1. The price of oil (barrel of oil) 2. refinery costs (which stay rather constant) Refineries could also be stressed and make prices rise. 3. Demand for example gas is going to more expensive during memorial day prices are going to be higher than a random Tuesday in march. Those would be the 3 main factors there are other things that could apply such as taxes and location of a gas station. Hope that helps

Biodiesel.
as the oil price goes up, people will keep on looking any possible ways to save its consumption. since it require no engine modifications, people can easily buy the idea. industries related to soybean or palm oil might benefit the most.

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