I got this from another site, I hope it helps.
OK I've been working in the oil refinery for almost 30 years. The unit I work on is a Cat Cracker, its main product is unleaded gasoline. This is straight from the book.The measure of volatility is vapor pressure. Vapor pressure is measure of surface pressure it takes to keep a liquid from vaporizing. (Reid Vapor Pressure is the correct name, named after the man who invented the test appartatus RVP)A light hydrocarbon like propane has a very high vapor pressure, oil has a very low vapor pressure. With that said lets look at engines. You need on cold starts about 10% of the gas to vaporize to get it started, if you have to much RVP you will have vaopr locks when starting a hot engine. RVP in the winter in Minnesota will run as high as 13 PSI, in the summer in Texas RVP will be 8.5 PSI. Octane is a term to discribe the molcule C8H16 which is Iso-octane and it has an octane number of 100 and is a standard for testing the octane number of gas.This is done in a knock engine You can changethe compression ratio of the engine by raiseing and lowering the head. This engine has a Knock-O-Meter to determine when an engine starts knocking while it is running. They raise and lower the head to make it knock. Octane numbers are Research Octane Number (RON) and Motor Octane Number(MON). The RON number is a test that simulates driving under mild driving conditions. The MON number is a test of preformance under the full range of conditions. In the late 60's the Federal Trade Commission came up with RON+MON over 2 rating you see on pumps today. The design of the engine demands that the fuel behave a certain way. Compression ratio of an engine determines the amount of power it can deliver. The higher the compression ratio, the longer the power stroke, the more powerful the engine. Basicly our old engine have low compression ratios and should use a lower octane gas. Could go into more detail, but it gets kind of long. I hope this helps explain what you wanted to know.
BUD BORDELON