Commodity ratio · live
Butter to Heating Oil Futures Ratio
The butter to heating oil futures ratio is 988.6 — Butter at $4,350.00 per Metric Ton divided by Heating Oil Futures at $4.40 per Gallan.
Prices as of Aug 24, 2026, 12:23 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Butter to Heating Oil Futures ratio
1.000 T of butter = 988.636 Gal of heating oil futures
Inverse (HO-FUT/BUTTER): 0.001011 — one Gallan of heating oil futures buys that much butter.
Below its 1 year average. (17th percentile of the last 1 year)
Butter
€4,350.00
per Metric Ton
Heating Oil Futures
$4.40
per Gallan
Unit basis: EUR per Metric Ton ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Metric Ton of butter. Prices as of Mon, 24 Aug 2026 12:23:58 GMT.
These two commodities are quoted in different currencies (EUR and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
1539
median 1279
1Y low
903.9
Jul 23, 2026
1Y high
3042
Aug 24, 2025
Normal band
1010–2068
mean ± 1 std dev
Deviation from mean
-1.04σ
326 observations
Butter to Heating Oil Futures ratio charts
Pick a range once — it applies to the BUTTER/HO-FUT ratio line, the OHLC candles and the Butter / Heating Oil Futures price chart below.
BUTTER/HO-FUT ratio line
How many Gal of Heating Oil Futures one T of Butter buys, over 1Y.
BUTTER/HO-FUT ratio candles
Open, high, low and close of the BUTTER/HO-FUT ratio for each period in the last 1Y.
Butter and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the butter to heating oil futures ratio
Butter to Heating Oil Futures ratio = Butter price per Metric Ton ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Metric Ton of butter — rather than a plain count.
Worked example, live prices: $4,350.00 ÷ $4.40 = 988.6. The inverse is 0.001011.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the butter to heating oil futures ratio today?
The butter to heating oil futures ratio is 988.6 — Butter at $4,350.00 per Metric Ton divided by Heating Oil Futures at $4.40 per Gallan, from live mid-market prices.
How do you calculate the butter to heating oil futures ratio?
Divide the butter price per Metric Ton by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Metric Ton of butter.
What is the inverse of the butter to heating oil futures ratio?
The inverse, heating oil futures to butter, is 0.001011 — how many Metric Tons of butter one Gallan of heating oil futures buys.