Commodity ratio · live
Natural Gas Futures to Ethanol Ratio
The natural gas futures to ethanol ratio is 1.302 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Ethanol at $2.12 per Gallon.
Prices as of Aug 24, 2026, 10:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Ethanol ratio
1.000 MMBtu of natural gas futures = 1.302 Gal of ethanol
Inverse (ETHANOL/NG-FUT): 0.7681 — one Gallon of ethanol buys that much natural gas futures.
Near the bottom of its 1 year range — historically compressed. (1th percentile of the last 1 year)
Natural Gas Futures
$2.76
per Million British Thermal Units
Ethanol
$2.12
per Gallon
Unit basis: USD per Million British Thermal Units ÷ USD per Gallon. The ratio reads as Gallons of ethanol per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 10:33:14 GMT.
1Y average
1.866
median 1.684
1Y low
1.276
Apr 24, 2026
1Y high
4.072
Jan 25, 2026
Normal band
1.358–2.374
mean ± 1 std dev
Deviation from mean
-1.11σ
351 observations
Natural Gas Futures to Ethanol ratio charts
Pick a range once — it applies to the NG-FUT/ETHANOL ratio line, the OHLC candles and the Natural Gas Futures / Ethanol price chart below.
NG-FUT/ETHANOL ratio line
How many Gal of Ethanol one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/ETHANOL ratio candles
Open, high, low and close of the NG-FUT/ETHANOL ratio for each period in the last 1Y.
Natural Gas Futures and Ethanol prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the natural gas futures to ethanol ratio
Natural Gas Futures to Ethanol ratio = Natural Gas Futures price per Million British Thermal Units ÷ Ethanol price per Gallon
The two legs use different units, so the result is a rate — Gallons of ethanol per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.76 ÷ $2.12 = 1.302. The inverse is 0.7681.
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 natural gas futures to ethanol ratio today?
The natural gas futures to ethanol ratio is 1.302 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Ethanol at $2.12 per Gallon, from live mid-market prices.
How do you calculate the natural gas futures to ethanol ratio?
Divide the natural gas futures price per Million British Thermal Units by the ethanol price per Gallon. If the two units differ, the result is a rate rather than a plain count — read it as Gallons of ethanol per Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to ethanol ratio?
The inverse, ethanol to natural gas futures, is 0.7681 — how many Million British Thermal Unitss of natural gas futures one Gallon of ethanol buys.