Commodity ratio · live
Cheese to Heating Oil Futures Ratio
The cheese to heating oil futures ratio is 0.3645 — Cheese at $1.60 per Pound divided by Heating Oil Futures at $4.39 per Gallan.
Prices as of Aug 24, 2026, 11:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cheese to Heating Oil Futures ratio
1.000 Lb of cheese = 0.3645 Gal of heating oil futures
Inverse (HO-FUT/CHE): 2.744 — one Gallan of heating oil futures buys that much cheese.
Near the bottom of its 1 year range — historically compressed. (2th percentile of the last 1 year)
Cheese
$1.60
per Pound
Heating Oil Futures
$4.39
per Gallan
Unit basis: USD per Pound ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Pound of cheese. Prices as of Mon, 24 Aug 2026 11:31:59 GMT.
1Y average
0.5536
median 0.4984
1Y low
0.3524
Aug 21, 2026
1Y high
0.8255
Oct 12, 2025
Normal band
0.4118–0.6953
mean ± 1 std dev
Deviation from mean
-1.33σ
328 observations
Cheese to Heating Oil Futures ratio charts
Pick a range once — it applies to the CHE/HO-FUT ratio line, the OHLC candles and the Cheese / Heating Oil Futures price chart below.
CHE/HO-FUT ratio line
How many Gal of Heating Oil Futures one Lb of Cheese buys, over 1Y.
CHE/HO-FUT ratio candles
Open, high, low and close of the CHE/HO-FUT ratio for each period in the last 1Y.
Cheese 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 cheese to heating oil futures ratio
Cheese to Heating Oil Futures ratio = Cheese price per Pound ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Pound of cheese — rather than a plain count.
Worked example, live prices: $1.60 ÷ $4.39 = 0.3645. The inverse is 2.744.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the cheese to heating oil futures ratio today?
The cheese to heating oil futures ratio is 0.3645 — Cheese at $1.60 per Pound divided by Heating Oil Futures at $4.39 per Gallan, from live mid-market prices.
How do you calculate the cheese to heating oil futures ratio?
Divide the cheese price per Pound 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 Pound of cheese.
What is the inverse of the cheese to heating oil futures ratio?
The inverse, heating oil futures to cheese, is 2.744 — how many Pounds of cheese one Gallan of heating oil futures buys.