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Toluene Prices Surge to Multi-Month Highs on Acute Octane Blending Demand

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Published: February 21, 2026

The Octane Premium Squeeze

With wholesale RBOB at $2.24, the premium for toluene as an octane booster has widened. Refiners are outbidding chemical manufacturers for available spot volumes.

Maintenance Impact

The spring refinery maintenance cycle is reducing the reformate stream from which toluene is extracted. This drop in supply is expected to keep prices elevated.