Commodity ratio · live
Palladium to Heating Oil Futures Ratio
The palladium to heating oil futures ratio is 307.1 — Palladium at $1,351.30 per Troy Ounce divided by Heating Oil Futures at $4.40 per Gallan.
Prices as of Aug 24, 2026, 12:20 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Palladium to Heating Oil Futures ratio
1.000 T.oz of palladium = 307.114 Gal of heating oil futures
Inverse (HO-FUT/PA): 0.003256 — one Gallan of heating oil futures buys that much palladium.
Near the bottom of its 1 year range — historically compressed. (8th percentile of the last 1 year)
Palladium
$1,351.30
per Troy Ounce
Heating Oil Futures
$4.40
per Gallan
Unit basis: USD per Troy Ounce ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Troy Ounce of palladium. Prices as of Mon, 24 Aug 2026 12:20:25 GMT.
1Y average
511.7
median 489.0
1Y low
281.1
Aug 18, 2026
1Y high
936.1
Dec 28, 2025
Normal band
342.2–681.1
mean ± 1 std dev
Deviation from mean
-1.21σ
302 observations
Palladium to Heating Oil Futures ratio charts
Pick a range once — it applies to the PA/HO-FUT ratio line, the OHLC candles and the Palladium / Heating Oil Futures price chart below.
PA/HO-FUT ratio line
How many Gal of Heating Oil Futures one T.oz of Palladium buys, over 1Y.
PA/HO-FUT ratio candles
Open, high, low and close of the PA/HO-FUT ratio for each period in the last 1Y.
Palladium 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 palladium to heating oil futures ratio
Palladium to Heating Oil Futures ratio = Palladium price per Troy Ounce ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Troy Ounce of palladium — rather than a plain count.
Worked example, live prices: $1,351.30 ÷ $4.40 = 307.1. The inverse is 0.003256.
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 palladium to heating oil futures ratio today?
The palladium to heating oil futures ratio is 307.1 — Palladium at $1,351.30 per Troy Ounce divided by Heating Oil Futures at $4.40 per Gallan, from live mid-market prices.
How do you calculate the palladium to heating oil futures ratio?
Divide the palladium price per Troy Ounce 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 Troy Ounce of palladium.
What is the inverse of the palladium to heating oil futures ratio?
The inverse, heating oil futures to palladium, is 0.003256 — how many Troy Ounces of palladium one Gallan of heating oil futures buys.