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Octane costs and values are often described in terms of dollars per octane-barrel ($/AKI-b).21 To measure the cost of producing incremental octane, we calculate the cost of producing an incremental barrel of premium gasoline (CTP) by raising reformer severity (Figure 29, red and black lines).
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To assess octane costs, this study examines trends at the national, the Petroleum Administration for Defense District (PADD), and the regional wholesale market levels. The market for motor gasoline is global, and the U.S. gasoline market is interconnected with the global gasoline market through imports and exports.
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The carbon percentage of octane (C 8 H 18 ), a stand-in for gasoline, and hexadecane (C 16 H 34 ), a stand-in for diesel, are 84.2% and 85.0% respectively. The amount of carbon dioxide produced from gasoline and diesel and therefore the carbon pricing, are also both very similar on a mass basis.
- Petroleum diesel73.25 grams per Megajoules
- Petroleum diesel43.1 Megajoules per kilogram
Higher octane results in higher costs • Reformers convert naphtha feedstock into highoctane, high- -aromatics reformate with significant byproducts of hydrogen, fuel gas, and LPG • The largest cost is the loss from converting naphtha (related to oil prices) to gas and hydrogen (related to natural gas prices) •
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Premium fuel is a higher octane fuel in the range of 91-94 octane. This compares to regular grade gasoline which is 87 octane. Higher octane fuel aims to provide greater fuel-burning stability to protect engines from the damage caused by engine knock –also known as abnormal combustion.
The current gasoline price in Canada is CAD 1.86 per liter or USD 1.35 per liter and was updated on 01-Jul-2024. For comparison, the average price of gasoline in the world is USD 1.23 per liter. Source: Natural Resources Canada. We show Octane-95 gasoline price data for Canada from 2014-07-28 to 2024-07-01.
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Jun 25, 2024 · Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.
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