Its common for laptop burners to not achieve actual burn speeds for the highest settings according to xlr8youmac.com's drive data bases.
One reason being that, like laptop battery times, those speeds are more theoretic than real-life, the speeds being based on only the outer CD disk tracks reaching that speed.
Also, buffer under run protection will slow the burning to the safest speed, influenced by processor speed and availability (other processes running) and RAM buffer. Try quitting other apps and increasing the RAM buffer allocation in Toast. Also, a contiguous large file will burn faster than fragmented disk segment files needing to be read.