Commodity ratio · live
Heating Oil Futures to Bitumen Ratio
The heating oil futures to bitumen ratio is 0.0009617 — Heating Oil Futures at $4.37 per Gallan divided by Bitumen at $4,544.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Bitumen ratio
1.000 Gal of heating oil futures = 0.0009617 T of bitumen
Inverse (BIT/HO-FUT): 1040 — one Metric Ton of bitumen buys that much heating oil futures.
Above its 1 year average. (83th percentile of the last 1 year)
Heating Oil Futures
$4.37
per Gallan
Bitumen
¥4,544.00
per Metric Ton
Unit basis: USD per Gallan ÷ CNY per Metric Ton. The ratio reads as Metric Tons of bitumen per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 10:29:47 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.0008265
median 0.0008051
1Y low
0.0006366
Aug 31, 2025
1Y high
0.001151
Mar 7, 2026
Normal band
0.0007132–0.0009397
mean ± 1 std dev
Deviation from mean
+1.19σ
302 observations
Heating Oil Futures to Bitumen ratio charts
Pick a range once — it applies to the HO-FUT/BIT ratio line, the OHLC candles and the Heating Oil Futures / Bitumen price chart below.
HO-FUT/BIT ratio line
How many T of Bitumen one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/BIT ratio candles
Open, high, low and close of the HO-FUT/BIT ratio for each period in the last 1Y.
Heating Oil Futures and Bitumen prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the heating oil futures to bitumen ratio
Heating Oil Futures to Bitumen ratio = Heating Oil Futures price per Gallan ÷ Bitumen price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of bitumen per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.37 ÷ $4,544.00 = 0.0009617. The inverse is 1040.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the heating oil futures to bitumen ratio today?
The heating oil futures to bitumen ratio is 0.0009617 — Heating Oil Futures at $4.37 per Gallan divided by Bitumen at $4,544.00 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to bitumen ratio?
Divide the heating oil futures price per Gallan by the bitumen price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of bitumen per Gallan of heating oil futures.
What is the inverse of the heating oil futures to bitumen ratio?
The inverse, bitumen to heating oil futures, is 1040 — how many Gallans of heating oil futures one Metric Ton of bitumen buys.