Commodity ratio · live
Heating Oil Futures to Lumber Futures Ratio
The heating oil futures to lumber futures ratio is 0.007672 — Heating Oil Futures at $4.40 per Gallan divided by Lumber Futures at $573.54 per Thousand Board Feet.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Lumber Futures ratio
1.000 Gal of heating oil futures = 0.007672 Mbf of lumber futures
Inverse (LB-FUT/HO-FUT): 130.3 — one Thousand Board Feet of lumber futures buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (97th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
Lumber Futures
$573.54
per Thousand Board Feet
Unit basis: USD per Gallan ÷ USD per Thousand Board Feet. The ratio reads as Thousand Board Feets of lumber futures per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:24:49 GMT.
1Y average
0.005371
median 0.005116
1Y low
0.003344
Oct 12, 2025
1Y high
0.007986
Aug 18, 2026
Normal band
0.004057–0.006686
mean ± 1 std dev
Deviation from mean
+1.75σ
327 observations
Heating Oil Futures to Lumber Futures ratio charts
Pick a range once — it applies to the HO-FUT/LB-FUT ratio line, the OHLC candles and the Heating Oil Futures / Lumber Futures price chart below.
HO-FUT/LB-FUT ratio line
How many Mbf of Lumber Futures one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/LB-FUT ratio candles
Open, high, low and close of the HO-FUT/LB-FUT ratio for each period in the last 1Y.
Heating Oil Futures and Lumber Futures 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 lumber futures ratio
Heating Oil Futures to Lumber Futures ratio = Heating Oil Futures price per Gallan ÷ Lumber Futures price per Thousand Board Feet
The two legs use different units, so the result is a rate — Thousand Board Feets of lumber futures per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $573.54 = 0.007672. The inverse is 130.3.
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 lumber futures ratio today?
The heating oil futures to lumber futures ratio is 0.007672 — Heating Oil Futures at $4.40 per Gallan divided by Lumber Futures at $573.54 per Thousand Board Feet, from live mid-market prices.
How do you calculate the heating oil futures to lumber futures ratio?
Divide the heating oil futures price per Gallan by the lumber futures price per Thousand Board Feet. If the two units differ, the result is a rate rather than a plain count — read it as Thousand Board Feets of lumber futures per Gallan of heating oil futures.
What is the inverse of the heating oil futures to lumber futures ratio?
The inverse, lumber futures to heating oil futures, is 130.3 — how many Gallans of heating oil futures one Thousand Board Feet of lumber futures buys.