Commodity ratio · live
Heating Oil Futures to Propane Ratio
The heating oil futures to propane ratio is 5.813 — Heating Oil Futures at $4.36 per Gallan divided by Propane at $0.7500 per Gallon.
Prices as of Aug 24, 2026, 10:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Propane ratio
1.000 Gal of heating oil futures = 5.813 Gal of propane
Inverse (PROP/HO-FUT): 0.1720 — one Gallon of propane buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (94th percentile of the last 1 year)
Heating Oil Futures
$4.36
per Gallan
Propane
$0.7500
per Gallon
Unit basis: USD per Gallan ÷ USD per Gallon. The ratio reads as Gallons of propane per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 10:32:08 GMT.
1Y average
4.332
median 4.301
1Y low
3.132
Dec 16, 2025
1Y high
6.130
Jul 31, 2026
Normal band
3.467–5.198
mean ± 1 std dev
Deviation from mean
+1.71σ
325 observations
Heating Oil Futures to Propane ratio charts
Pick a range once — it applies to the HO-FUT/PROP ratio line, the OHLC candles and the Heating Oil Futures / Propane price chart below.
HO-FUT/PROP ratio line
How many Gal of Propane one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/PROP ratio candles
Open, high, low and close of the HO-FUT/PROP ratio for each period in the last 1Y.
Heating Oil Futures and Propane 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 propane ratio
Heating Oil Futures to Propane ratio = Heating Oil Futures price per Gallan ÷ Propane price per Gallon
The two legs use different units, so the result is a rate — Gallons of propane per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.36 ÷ $0.7500 = 5.813. The inverse is 0.1720.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the heating oil futures to propane ratio today?
The heating oil futures to propane ratio is 5.813 — Heating Oil Futures at $4.36 per Gallan divided by Propane at $0.7500 per Gallon, from live mid-market prices.
How do you calculate the heating oil futures to propane ratio?
Divide the heating oil futures price per Gallan by the propane price per Gallon. If the two units differ, the result is a rate rather than a plain count — read it as Gallons of propane per Gallan of heating oil futures.
What is the inverse of the heating oil futures to propane ratio?
The inverse, propane to heating oil futures, is 0.1720 — how many Gallans of heating oil futures one Gallon of propane buys.