Commodity ratio · live
Heating Oil Futures to Palladium Ratio
The heating oil futures to palladium ratio is 0.003256 — Heating Oil Futures at $4.40 per Gallan divided by Palladium at $1,351.30 per Troy Ounce.
Prices as of Aug 24, 2026, 12:20 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Palladium ratio
1.000 Gal of heating oil futures = 0.003256 T.oz of palladium
Inverse (PA/HO-FUT): 307.1 — one Troy Ounce of palladium buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (92th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
Palladium
$1,351.30
per Troy Ounce
Unit basis: USD per Gallan ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of palladium per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:20:25 GMT.
1Y average
0.002174
median 0.002045
1Y low
0.001068
Dec 28, 2025
1Y high
0.003558
Aug 18, 2026
Normal band
0.001488–0.002859
mean ± 1 std dev
Deviation from mean
+1.58σ
302 observations
Heating Oil Futures to Palladium ratio charts
Pick a range once — it applies to the HO-FUT/PA ratio line, the OHLC candles and the Heating Oil Futures / Palladium price chart below.
HO-FUT/PA ratio line
How many T.oz of Palladium one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/PA ratio candles
Open, high, low and close of the HO-FUT/PA ratio for each period in the last 1Y.
Heating Oil Futures and Palladium 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 palladium ratio
Heating Oil Futures to Palladium ratio = Heating Oil Futures price per Gallan ÷ Palladium price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of palladium per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $1,351.30 = 0.003256. The inverse is 307.1.
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 palladium ratio today?
The heating oil futures to palladium ratio is 0.003256 — Heating Oil Futures at $4.40 per Gallan divided by Palladium at $1,351.30 per Troy Ounce, from live mid-market prices.
How do you calculate the heating oil futures to palladium ratio?
Divide the heating oil futures price per Gallan by the palladium price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of palladium per Gallan of heating oil futures.
What is the inverse of the heating oil futures to palladium ratio?
The inverse, palladium to heating oil futures, is 307.1 — how many Gallans of heating oil futures one Troy Ounce of palladium buys.