Commodity ratio · live
Heating Oil Futures to Butter Ratio
The heating oil futures to butter ratio is 0.001011 — Heating Oil Futures at $4.40 per Gallan divided by Butter at $4,350.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:23 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Butter ratio
1.000 Gal of heating oil futures = 0.001011 T of butter
Inverse (BUTTER/HO-FUT): 988.6 — one Metric Ton of butter buys that much heating oil futures.
Above its 1 year average. (83th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
Butter
€4,350.00
per Metric Ton
Unit basis: USD per Gallan ÷ EUR per Metric Ton. The ratio reads as Metric Tons of butter per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:23:58 GMT.
These two commodities are quoted in different currencies (USD and EUR). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.0007280
median 0.0007818
1Y low
0.0003287
Aug 24, 2025
1Y high
0.001106
Jul 23, 2026
Normal band
0.0004939–0.0009621
mean ± 1 std dev
Deviation from mean
+1.21σ
326 observations
Heating Oil Futures to Butter ratio charts
Pick a range once — it applies to the HO-FUT/BUTTER ratio line, the OHLC candles and the Heating Oil Futures / Butter price chart below.
HO-FUT/BUTTER ratio line
How many T of Butter one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/BUTTER ratio candles
Open, high, low and close of the HO-FUT/BUTTER ratio for each period in the last 1Y.
Heating Oil Futures and Butter 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 butter ratio
Heating Oil Futures to Butter ratio = Heating Oil Futures price per Gallan ÷ Butter price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of butter per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $4,350.00 = 0.001011. The inverse is 988.6.
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 heating oil futures to butter ratio today?
The heating oil futures to butter ratio is 0.001011 — Heating Oil Futures at $4.40 per Gallan divided by Butter at $4,350.00 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to butter ratio?
Divide the heating oil futures price per Gallan by the butter 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 butter per Gallan of heating oil futures.
What is the inverse of the heating oil futures to butter ratio?
The inverse, butter to heating oil futures, is 988.6 — how many Gallans of heating oil futures one Metric Ton of butter buys.