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question about buying gas - snarg - 10-15-2005

as we all know gas prices have risen a lot lately
however, the difference in price between premium and regular remains about the same
when regular was a buck, premium was maybe 1.15
now regular is almost three bucks but premium is only 3.20

my question is this: now that premium is only 7 percent more costly than regular rather than 15 percent more, does it make sense to spring for the premium??

:blink:

question about buying gas - Flumper Barflusterbutt - 10-15-2005

snarg Wrote:as we all know gas prices have risen a lot lately
however, the difference in price between premium and regular remains about the same
when regular was a buck, premium was maybe 1.15
now regular is almost three bucks but premium is only 3.20

my question is this: now that premium is only 7 percent more costly than regular rather than 15 percent more, does it make sense to spring for the premium??

:blink:
The answer to this question is not a function of the price of premium relative to regular, but rather a function of the difference in the price relative to your disposable income.

My guess, and I am sure it is a rather safe bet, would be that now that you spend more than ever on fuel, then the 20 cents is much less likely to be available out of your disposable income than the 20 cents would have been back when fuel was $1.00/gallon.

Now, if you have increased your income enough to offset the increases in fuel, then buying premium might, in fact, leave you with more disposable income. This would, however, be due to the increase in income and not the relative price of regular fuel to premium. All things being the same, even in this scenario, it would still be more cost effective to buy the cheaper fuel.

question about buying gas - ntype - 10-15-2005

you got to make comparisons with mileage difference and eventually car performance and stuff. Do some math to put them in an equal comparison (ya know that statistics stuff)
If both runs well take the cheaper one.

question about buying gas - snarg - 10-15-2005

Flumper Barflusterbutt Wrote:The answer to this question is not a function of the price of premium relative to regular, but rather a function of the difference in the price relative to your disposable income.

My guess, and I am sure it is a rather safe bet, would be that now that you spend more than ever on fuel, then the 20 cents is much less likely to be available out of your disposable income than the 20 cents would have been back when fuel was $1.00/gallon.

Now, if you have increased your income enough to offset the increases in fuel, then buying premium might, in fact, leave you with more disposable income. This would, however, be due to the increase in income and not the relative price of regular fuel to premium. All things being the same, even in this scenario, it would still be more cost effective to buy the cheaper fuel.


damn, buttthumper, i had you in mind when i made this post
i thought i would get some useful info from our resident thinker

question about buying gas - Raiden - 10-17-2005

snarg Wrote:as we all know gas prices have risen a lot lately
however, the difference in price between premium and regular remains about the same
when regular was a buck, premium was maybe 1.15
now regular is almost three bucks but premium is only 3.20

my question is this: now that premium is only 7 percent more costly than regular rather than 15 percent more, does it make sense to spring for the premium??

:blink:

You should just use the correct octane for your car. The octane rating refers to resistance to combustion, so engines with higher compression and/or forced induction need the higher octane so they don't have issues with preignition. For a regualar engine, why would you spend more for gas that's harder to burn?

question about buying gas - SanDog - 10-17-2005

I put regular in the cars that need it, and premium in the cars that need. I figure I am not going to spend more than I need to.

question about buying gas - snarg - 10-17-2005

ingrish prease

question about buying gas - Don - 10-17-2005

snarg Wrote:ingrish prease

If you own a "K" car put regular in it because the engine is designed for it. If you own a corvetter or a suped up regular engine run premium in it. Also for a motorcycle I always put premium but that is a preference. Bike seems to perform a lot better on premium.