With fast economic development and urbanization, household consumption plays an important role in the growth of a nation. During uncertain periods in the economy, household consumption is partly affected by behavioral factors such as fear and uncertainty. Energy markets are also vulnerable to behavioral factors. Crude oil is a naturally occurring petroleum product. The world’s economy is in great dependency of Crude oil since it is an important source of fuel, and is also used in the production of several products used on a daily basis. The oil market is very volatile and has experienced several fluctuations during the 20th century. The unpredictable events of the financial crisis of 2008 and the Covid-19 caused dramatic effects on the global economy, amongst household consumption and Crude oil prices. Previous empirical findings indicate that unexpected changes in oil price have a negative effect on consumption within oil importing economies. This paper analyzes the relationship between consumption and oil price for Sweden for the period 1995 to 2021 and uses OLS estimates as econometric methodology.As Sweden aims to reduce its oil dependency, it is interesting to study if the oil price has an impact on private expenditure. The results surprisingly suggests that there is no relationship between oil price and consumption of Swedish households.