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Toluene Prices Strength as Octane Blending Demand Intensifies

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Published: February 15, 2026

Octane Premium

As gasoline RBOB futures hit $2.18, the incentive to blend toluene for octane enhancement has spiked. Refiners are outbidding chemical manufacturers for available spot volumes.

Maintenance Shortage

The spring refinery maintenance cycle is reducing the stream from which toluene is extracted, leading to an acute shortage of merchant material.