The WTI crude-to-gas ratio for June 2026 to date — shown by the green bar in the chart below — has declined to 28.69, down from 33.54 in May. June crude is averaging $92.24/bbl, while Henry Hub gas is averaging $3.22/MMBtu. Despite the month-over-month decrease, the ratio remains above year-ago levels. By comparison, the ratio stood at 18.51 in June 2025 — shown by the red bar — when crude averaged $67.95/bbl and gas averaged $3.67/MMBtu. Although the ratio has eased from its April 2026 peak of 36.61, it remains elevated relative to June 2025.
