The effects of temperature and oxygen partial pressure on the oxygen stoichiometry, expansion, and electrical resistivity of YBa2Cu4O8 have been determined. Samples prepared by two low-pressure synthesis methods-prolonged reaction between YBa2Cu3O7 and Cu(NO3)2 and reaction between BaCO3, Y2O3, and CuO at 4 Torr of oxygen-behave similarly. Heating to 800-degrees-C in oxygen produces a loss of 0.08 atom of oxygen, which is completely recovered during cooling. At 500-degrees-C a change of the ambient gas from pure oxygen to 0.25% oxygen causes a release of 0.055 atom of oxygen and an expansion of approximately 200 ppm. Two diamagnetic transitions, a weak one at 81 K and a strong one at 70 K, are observed. The average thermal expansion between 25 and 800-degrees-C is 13.2 ppm/degrees-C in oxygen.