Commodity ratio · live
Ethanol to Heating Oil Futures Ratio
The ethanol to heating oil futures ratio is 0.4829 — Ethanol at $2.12 per Gallon divided by Heating Oil Futures at $4.39 per Gallan.
Prices as of Aug 24, 2026, 11:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Ethanol to Heating Oil Futures ratio
1.000 Gal of ethanol = 0.4829 Gal of heating oil futures
Inverse (HO-FUT/ETHANOL): 2.071 — one Gallan of heating oil futures buys that much ethanol.
Below its 1 year average. (19th percentile of the last 1 year)
Ethanol
$2.12
per Gallon
Heating Oil Futures
$4.39
per Gallan
Unit basis: USD per Gallon ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Gallon of ethanol. Prices as of Mon, 24 Aug 2026 11:28:28 GMT.
1Y average
0.6121
median 0.5831
1Y low
0.4246
Mar 20, 2026
1Y high
0.9027
Aug 31, 2025
Normal band
0.4902–0.7339
mean ± 1 std dev
Deviation from mean
-1.06σ
327 observations
Ethanol to Heating Oil Futures ratio charts
Pick a range once — it applies to the ETHANOL/HO-FUT ratio line, the OHLC candles and the Ethanol / Heating Oil Futures price chart below.
ETHANOL/HO-FUT ratio line
How many Gal of Heating Oil Futures one Gal of Ethanol buys, over 1Y.
ETHANOL/HO-FUT ratio candles
Open, high, low and close of the ETHANOL/HO-FUT ratio for each period in the last 1Y.
Ethanol 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 ethanol to heating oil futures ratio
Ethanol to Heating Oil Futures ratio = Ethanol price per Gallon ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Gallon of ethanol — rather than a plain count.
Worked example, live prices: $2.12 ÷ $4.39 = 0.4829. The inverse is 2.071.
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 ethanol to heating oil futures ratio today?
The ethanol to heating oil futures ratio is 0.4829 — Ethanol at $2.12 per Gallon divided by Heating Oil Futures at $4.39 per Gallan, from live mid-market prices.
How do you calculate the ethanol to heating oil futures ratio?
Divide the ethanol price per Gallon 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 Gallon of ethanol.
What is the inverse of the ethanol to heating oil futures ratio?
The inverse, heating oil futures to ethanol, is 2.071 — how many Gallons of ethanol one Gallan of heating oil futures buys.