Commodity ratio · live
Heating Oil Futures to UK Gas Ratio
The heating oil futures to uk gas ratio is 0.02640 — Heating Oil Futures at $4.40 per Gallan divided by UK Gas at $166.68 per Therm.
Prices as of Aug 24, 2026, 12:25 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to UK Gas ratio
1.000 Gal of heating oil futures = 0.02640 Thm of uk gas
Inverse (UK-GAS/HO-FUT): 37.88 — one Therm of uk gas buys that much heating oil futures.
Near the bottom of its 1 year range — historically compressed. (6th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
UK Gas
$166.68
per Therm
Unit basis: USD per Gallan ÷ USD per Therm. The ratio reads as Therms of uk gas per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:25:57 GMT.
1Y average
0.03049
median 0.03029
1Y low
0.01863
Mar 2, 2026
1Y high
0.03929
Apr 29, 2026
Normal band
0.02760–0.03338
mean ± 1 std dev
Deviation from mean
-1.41σ
327 observations
Heating Oil Futures to UK Gas ratio charts
Pick a range once — it applies to the HO-FUT/UK-GAS ratio line, the OHLC candles and the Heating Oil Futures / UK Gas price chart below.
HO-FUT/UK-GAS ratio line
How many Thm of UK Gas one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/UK-GAS ratio candles
Open, high, low and close of the HO-FUT/UK-GAS ratio for each period in the last 1Y.
Heating Oil Futures and UK Gas 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 uk gas ratio
Heating Oil Futures to UK Gas ratio = Heating Oil Futures price per Gallan ÷ UK Gas price per Therm
The two legs use different units, so the result is a rate — Therms of uk gas per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $166.68 = 0.02640. The inverse is 37.88.
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 uk gas ratio today?
The heating oil futures to uk gas ratio is 0.02640 — Heating Oil Futures at $4.40 per Gallan divided by UK Gas at $166.68 per Therm, from live mid-market prices.
How do you calculate the heating oil futures to uk gas ratio?
Divide the heating oil futures price per Gallan by the uk gas price per Therm. If the two units differ, the result is a rate rather than a plain count — read it as Therms of uk gas per Gallan of heating oil futures.
What is the inverse of the heating oil futures to uk gas ratio?
The inverse, uk gas to heating oil futures, is 37.88 — how many Gallans of heating oil futures one Therm of uk gas buys.