Commodity ratio · live
UK Gas to Heating Oil Futures Ratio
The uk gas to heating oil futures ratio is 37.83 — UK Gas at $166.07 per Therm divided by Heating Oil Futures at $4.39 per Gallan.
Prices as of Aug 24, 2026, 11:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
UK Gas to Heating Oil Futures ratio
1.000 Thm of uk gas = 37.829 Gal of heating oil futures
Inverse (HO-FUT/UK-GAS): 0.02643 — one Gallan of heating oil futures buys that much uk gas.
Near the top of its 1 year range — historically stretched. (94th percentile of the last 1 year)
UK Gas
$166.07
per Therm
Heating Oil Futures
$4.39
per Gallan
Unit basis: USD per Therm ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Therm of uk gas. Prices as of Mon, 24 Aug 2026 11:30:39 GMT.
1Y average
33.10
median 33.02
1Y low
25.45
Apr 29, 2026
1Y high
53.67
Mar 2, 2026
Normal band
29.91–36.29
mean ± 1 std dev
Deviation from mean
+1.48σ
327 observations
UK Gas to Heating Oil Futures ratio charts
Pick a range once — it applies to the UK-GAS/HO-FUT ratio line, the OHLC candles and the UK Gas / Heating Oil Futures price chart below.
UK-GAS/HO-FUT ratio line
How many Gal of Heating Oil Futures one Thm of UK Gas buys, over 1Y.
UK-GAS/HO-FUT ratio candles
Open, high, low and close of the UK-GAS/HO-FUT ratio for each period in the last 1Y.
UK Gas 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 uk gas to heating oil futures ratio
UK Gas to Heating Oil Futures ratio = UK Gas price per Therm ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Therm of uk gas — rather than a plain count.
Worked example, live prices: $166.07 ÷ $4.39 = 37.83. The inverse is 0.02643.
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 uk gas to heating oil futures ratio today?
The uk gas to heating oil futures ratio is 37.83 — UK Gas at $166.07 per Therm divided by Heating Oil Futures at $4.39 per Gallan, from live mid-market prices.
How do you calculate the uk gas to heating oil futures ratio?
Divide the uk gas price per Therm 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 Therm of uk gas.
What is the inverse of the uk gas to heating oil futures ratio?
The inverse, heating oil futures to uk gas, is 0.02643 — how many Therms of uk gas one Gallan of heating oil futures buys.