Commodity ratio · live
Milk to Propane Ratio
The milk to propane ratio is 22.17 — Milk at $16.63 per Hundredweight divided by Propane at $0.7500 per Gallon.
Prices as of Aug 24, 2026, 10:56 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Propane ratio
1.000 Cwt of milk = 22.173 Gal of propane
Inverse (PROP/MILK): 0.04510 — one Gallon of propane buys that much milk.
Close to the middle of its 1 year range. (36th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Propane
$0.7500
per Gallon
Unit basis: USD per Hundredweight ÷ USD per Gallon. The ratio reads as Gallons of propane per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:56:39 GMT.
1Y average
22.98
median 22.84
1Y low
18.62
May 4, 2026
1Y high
27.90
Nov 2, 2025
Normal band
20.89–25.07
mean ± 1 std dev
Deviation from mean
-0.39σ
359 observations
Milk to Propane ratio charts
Pick a range once — it applies to the MILK/PROP ratio line, the OHLC candles and the Milk / Propane price chart below.
MILK/PROP ratio line
How many Gal of Propane one Cwt of Milk buys, over 1Y.
MILK/PROP ratio candles
Open, high, low and close of the MILK/PROP ratio for each period in the last 1Y.
Milk 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 milk to propane ratio
Milk to Propane ratio = Milk price per Hundredweight ÷ Propane price per Gallon
The two legs use different units, so the result is a rate — Gallons of propane per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $0.7500 = 22.17. The inverse is 0.04510.
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 milk to propane ratio today?
The milk to propane ratio is 22.17 — Milk at $16.63 per Hundredweight divided by Propane at $0.7500 per Gallon, from live mid-market prices.
How do you calculate the milk to propane ratio?
Divide the milk price per Hundredweight 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 Hundredweight of milk.
What is the inverse of the milk to propane ratio?
The inverse, propane to milk, is 0.04510 — how many Hundredweights of milk one Gallon of propane buys.