Commodity ratio · live
Lumber Futures to Heating Oil Futures Ratio
The lumber futures to heating oil futures ratio is 130.3 — Lumber Futures at $573.54 per Thousand Board Feet divided by Heating Oil Futures at $4.40 per Gallan.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lumber Futures to Heating Oil Futures ratio
1.000 Mbf of lumber futures = 130.350 Gal of heating oil futures
Inverse (HO-FUT/LB-FUT): 0.007672 — one Gallan of heating oil futures buys that much lumber futures.
Near the bottom of its 1 year range — historically compressed. (3th percentile of the last 1 year)
Lumber Futures
$573.54
per Thousand Board Feet
Heating Oil Futures
$4.40
per Gallan
Unit basis: USD per Thousand Board Feet ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Thousand Board Feet of lumber futures. Prices as of Mon, 24 Aug 2026 12:24:49 GMT.
1Y average
197.7
median 195.5
1Y low
125.2
Aug 18, 2026
1Y high
299.1
Oct 12, 2025
Normal band
149.9–245.4
mean ± 1 std dev
Deviation from mean
-1.41σ
327 observations
Lumber Futures to Heating Oil Futures ratio charts
Pick a range once — it applies to the LB-FUT/HO-FUT ratio line, the OHLC candles and the Lumber Futures / Heating Oil Futures price chart below.
LB-FUT/HO-FUT ratio line
How many Gal of Heating Oil Futures one Mbf of Lumber Futures buys, over 1Y.
LB-FUT/HO-FUT ratio candles
Open, high, low and close of the LB-FUT/HO-FUT ratio for each period in the last 1Y.
Lumber Futures and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the lumber futures to heating oil futures ratio
Lumber Futures to Heating Oil Futures ratio = Lumber Futures price per Thousand Board Feet ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Thousand Board Feet of lumber futures — rather than a plain count.
Worked example, live prices: $573.54 ÷ $4.40 = 130.3. The inverse is 0.007672.
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 lumber futures to heating oil futures ratio today?
The lumber futures to heating oil futures ratio is 130.3 — Lumber Futures at $573.54 per Thousand Board Feet divided by Heating Oil Futures at $4.40 per Gallan, from live mid-market prices.
How do you calculate the lumber futures to heating oil futures ratio?
Divide the lumber futures price per Thousand Board Feet by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Thousand Board Feet of lumber futures.
What is the inverse of the lumber futures to heating oil futures ratio?
The inverse, heating oil futures to lumber futures, is 0.007672 — how many Thousand Board Feets of lumber futures one Gallan of heating oil futures buys.