Gasoline, also known as petrol, is a liquid mixture obtained by the process of fractional distillation directly from crude oil. It is used as fuel in internal combustion engines and also as solvent. It contains the additives toluene and benzene for higher octanage levels.
Since gasoline is a crude oil refined product, gasoline prices tend to follow crude oil prices. RBOB gasoline and Gulf Coast gasoline are traded at the NYMEX. Gasoline is also traded at the TOCOM (Japan).