Commodity ratio · live
Propane to Natural Gas Futures Ratio
The propane to natural gas futures ratio is 0.2717 — Propane at $0.7500 per Gallon divided by Natural Gas Futures at $2.76 per Million British Thermal Units.
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 Natural Gas Futures ratio
1.000 Gal of propane = 0.2717 MMBtu of natural gas futures
Inverse (NG-FUT/PROP): 3.680 — one Million British Thermal Units of natural gas futures buys that much propane.
Above its 1 year average. (82th percentile of the last 1 year)
Propane
$0.7500
per Gallon
Natural Gas Futures
$2.76
per Million British Thermal Units
Unit basis: USD per Gallon ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Gallon of propane. Prices as of Mon, 24 Aug 2026 10:32:20 GMT.
1Y average
0.2239
median 0.2284
1Y low
0.09763
Jan 25, 2026
1Y high
0.3240
Apr 24, 2026
Normal band
0.1734–0.2744
mean ± 1 std dev
Deviation from mean
+0.95σ
348 observations
Propane to Natural Gas Futures ratio charts
Pick a range once — it applies to the PROP/NG-FUT ratio line, the OHLC candles and the Propane / Natural Gas Futures price chart below.
PROP/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one Gal of Propane buys, over 1Y.
PROP/NG-FUT ratio candles
Open, high, low and close of the PROP/NG-FUT ratio for each period in the last 1Y.
Propane and Natural Gas 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 natural gas futures ratio
Propane to Natural Gas Futures ratio = Propane price per Gallon ÷ Natural Gas Futures price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas futures per Gallon of propane — rather than a plain count.
Worked example, live prices: $0.7500 ÷ $2.76 = 0.2717. The inverse is 3.680.
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 natural gas futures ratio today?
The propane to natural gas futures ratio is 0.2717 — Propane at $0.7500 per Gallon divided by Natural Gas Futures at $2.76 per Million British Thermal Units, from live mid-market prices.
How do you calculate the propane to natural gas futures ratio?
Divide the propane price per Gallon by the natural gas futures price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas futures per Gallon of propane.
What is the inverse of the propane to natural gas futures ratio?
The inverse, natural gas futures to propane, is 3.680 — how many Gallons of propane one Million British Thermal Units of natural gas futures buys.