Commodity ratio · live
Heating Oil Futures to Natural Gas, US Ratio
The heating oil futures to natural gas, us ratio is 1.573 — Heating Oil Futures at $4.39 per Gallan divided by Natural Gas, US at $2.79 per Million British Thermal Units.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Natural Gas, US ratio
1.000 Gal of heating oil futures = 1.573 MMBtu of natural gas, us
Inverse (NG-US/HO-FUT): 0.6355 — one Million British Thermal Units of natural gas, us buys that much heating oil futures.
Above its 1 year average. (86th percentile of the last 1 year)
Heating Oil Futures
$4.39
per Gallan
Natural Gas, US
$2.79
per Million British Thermal Units
Unit basis: USD per Gallan ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas, us per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 11:34:47 GMT.
1Y average
1.403
median 1.474
1Y low
0.9491
Jul 2, 2026
1Y high
1.690
Jul 29, 2026
Normal band
1.203–1.602
mean ± 1 std dev
Deviation from mean
+0.86σ
35 observations
Heating Oil Futures to Natural Gas, US ratio charts
Pick a range once — it applies to the HO-FUT/NG-US ratio line, the OHLC candles and the Heating Oil Futures / Natural Gas, US price chart below.
HO-FUT/NG-US ratio line
How many MMBtu of Natural Gas, US one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/NG-US ratio candles
Open, high, low and close of the HO-FUT/NG-US ratio for each period in the last 1Y.
Heating Oil Futures and Natural Gas, US 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 natural gas, us ratio
Heating Oil Futures to Natural Gas, US ratio = Heating Oil Futures price per Gallan ÷ Natural Gas, US price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas, us per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.39 ÷ $2.79 = 1.573. The inverse is 0.6355.
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 natural gas, us ratio today?
The heating oil futures to natural gas, us ratio is 1.573 — Heating Oil Futures at $4.39 per Gallan divided by Natural Gas, US at $2.79 per Million British Thermal Units, from live mid-market prices.
How do you calculate the heating oil futures to natural gas, us ratio?
Divide the heating oil futures price per Gallan by the natural gas, us price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas, us per Gallan of heating oil futures.
What is the inverse of the heating oil futures to natural gas, us ratio?
The inverse, natural gas, us to heating oil futures, is 0.6355 — how many Gallans of heating oil futures one Million British Thermal Units of natural gas, us buys.