Commodity ratio · live
Propane to Heating Oil Futures Ratio
The propane to heating oil futures ratio is 0.1720 — Propane at $0.7500 per Gallon divided by Heating Oil Futures at $4.36 per Gallan.
Prices as of Aug 24, 2026, 10:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Propane to Heating Oil Futures ratio
1.000 Gal of propane = 0.1720 Gal of heating oil futures
Inverse (HO-FUT/PROP): 5.813 — one Gallan of heating oil futures buys that much propane.
Near the bottom of its 1 year range — historically compressed. (6th percentile of the last 1 year)
Propane
$0.7500
per Gallon
Heating Oil Futures
$4.36
per Gallan
Unit basis: USD per Gallon ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Gallon of propane. Prices as of Mon, 24 Aug 2026 10:32:08 GMT.
1Y average
0.2400
median 0.2325
1Y low
0.1631
Jul 31, 2026
1Y high
0.3192
Dec 16, 2025
Normal band
0.1936–0.2864
mean ± 1 std dev
Deviation from mean
-1.46σ
325 observations
Propane to Heating Oil Futures ratio charts
Pick a range once — it applies to the PROP/HO-FUT ratio line, the OHLC candles and the Propane / Heating Oil Futures price chart below.
PROP/HO-FUT ratio line
How many Gal of Heating Oil Futures one Gal of Propane buys, over 1Y.
PROP/HO-FUT ratio candles
Open, high, low and close of the PROP/HO-FUT ratio for each period in the last 1Y.
Propane 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 propane to heating oil futures ratio
Propane to Heating Oil Futures ratio = Propane price per Gallon ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Gallon of propane — rather than a plain count.
Worked example, live prices: $0.7500 ÷ $4.36 = 0.1720. The inverse is 5.813.
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 propane to heating oil futures ratio today?
The propane to heating oil futures ratio is 0.1720 — Propane at $0.7500 per Gallon divided by Heating Oil Futures at $4.36 per Gallan, from live mid-market prices.
How do you calculate the propane to heating oil futures ratio?
Divide the propane price per Gallon 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 Gallon of propane.
What is the inverse of the propane to heating oil futures ratio?
The inverse, heating oil futures to propane, is 5.813 — how many Gallons of propane one Gallan of heating oil futures buys.