Commodity ratio · live
Heating Oil Futures to Cheese Ratio
The heating oil futures to cheese ratio is 2.744 — Heating Oil Futures at $4.39 per Gallan divided by Cheese at $1.60 per Pound.
Prices as of Aug 24, 2026, 11:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Cheese ratio
1.000 Gal of heating oil futures = 2.744 Lb of cheese
Inverse (CHE/HO-FUT): 0.3645 — one Pound of cheese buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (98th percentile of the last 1 year)
Heating Oil Futures
$4.39
per Gallan
Cheese
$1.60
per Pound
Unit basis: USD per Gallan ÷ USD per Pound. The ratio reads as Pounds of cheese per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 11:31:59 GMT.
1Y average
1.927
median 2.006
1Y low
1.211
Oct 12, 2025
1Y high
2.837
Aug 21, 2026
Normal band
1.450–2.404
mean ± 1 std dev
Deviation from mean
+1.71σ
328 observations
Heating Oil Futures to Cheese ratio charts
Pick a range once — it applies to the HO-FUT/CHE ratio line, the OHLC candles and the Heating Oil Futures / Cheese price chart below.
HO-FUT/CHE ratio line
How many Lb of Cheese one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/CHE ratio candles
Open, high, low and close of the HO-FUT/CHE ratio for each period in the last 1Y.
Heating Oil Futures and Cheese 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 cheese ratio
Heating Oil Futures to Cheese ratio = Heating Oil Futures price per Gallan ÷ Cheese price per Pound
The two legs use different units, so the result is a rate — Pounds of cheese per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.39 ÷ $1.60 = 2.744. The inverse is 0.3645.
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 heating oil futures to cheese ratio today?
The heating oil futures to cheese ratio is 2.744 — Heating Oil Futures at $4.39 per Gallan divided by Cheese at $1.60 per Pound, from live mid-market prices.
How do you calculate the heating oil futures to cheese ratio?
Divide the heating oil futures price per Gallan by the cheese price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of cheese per Gallan of heating oil futures.
What is the inverse of the heating oil futures to cheese ratio?
The inverse, cheese to heating oil futures, is 0.3645 — how many Gallans of heating oil futures one Pound of cheese buys.