Commodity ratio · live
Natural Gas, US to Heating Oil Futures Ratio
The natural gas, us to heating oil futures ratio is 0.6355 — Natural Gas, US at $2.79 per Million British Thermal Units divided by Heating Oil Futures at $4.39 per Gallan.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas, US to Heating Oil Futures ratio
1.000 MMBtu of natural gas, us = 0.6355 Gal of heating oil futures
Inverse (HO-FUT/NG-US): 1.573 — one Gallan of heating oil futures buys that much natural gas, us.
Below its 1 year average. (14th percentile of the last 1 year)
Natural Gas, US
$2.79
per Million British Thermal Units
Heating Oil Futures
$4.39
per Gallan
Unit basis: USD per Million British Thermal Units ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Million British Thermal Units of natural gas, us. Prices as of Mon, 24 Aug 2026 11:34:47 GMT.
1Y average
0.7311
median 0.6785
1Y low
0.5917
Jul 29, 2026
1Y high
1.054
Jul 2, 2026
Normal band
0.6032–0.8589
mean ± 1 std dev
Deviation from mean
-0.75σ
35 observations
Natural Gas, US to Heating Oil Futures ratio charts
Pick a range once — it applies to the NG-US/HO-FUT ratio line, the OHLC candles and the Natural Gas, US / Heating Oil Futures price chart below.
NG-US/HO-FUT ratio line
How many Gal of Heating Oil Futures one MMBtu of Natural Gas, US buys, over 1Y.
NG-US/HO-FUT ratio candles
Open, high, low and close of the NG-US/HO-FUT ratio for each period in the last 1Y.
Natural Gas, US 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 natural gas, us to heating oil futures ratio
Natural Gas, US to Heating Oil Futures ratio = Natural Gas, US price per Million British Thermal Units ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Million British Thermal Units of natural gas, us — rather than a plain count.
Worked example, live prices: $2.79 ÷ $4.39 = 0.6355. The inverse is 1.573.
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 natural gas, us to heating oil futures ratio today?
The natural gas, us to heating oil futures ratio is 0.6355 — Natural Gas, US at $2.79 per Million British Thermal Units divided by Heating Oil Futures at $4.39 per Gallan, from live mid-market prices.
How do you calculate the natural gas, us to heating oil futures ratio?
Divide the natural gas, us price per Million British Thermal Units 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 Million British Thermal Units of natural gas, us.
What is the inverse of the natural gas, us to heating oil futures ratio?
The inverse, heating oil futures to natural gas, us, is 1.573 — how many Million British Thermal Unitss of natural gas, us one Gallan of heating oil futures buys.