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In some cases, luxury vehicles and sports cars require premium gas, however. Currently, the cost of premium gas is $4.56 a gallon. If your new vehicle requires premium fuel, you could be spending ...
High gas prices aren't going away soon, but if you're paying extra for premium, you probably can save the money. And don't even think about midgrade.
The main federal incentive for consumers to purchase fuel efficient vehicles is to give tax credits. States also have their own incentive programs to further incentivize fuel efficient vehicles in their own states. These incentives range from more tax credits, to discounts on insurance, to price reductions on car registration fee's.
Cars with turbocharged engines and high compression ratios often specify premium gasoline because higher octane fuels reduce the incidence of "knock", or fuel pre-detonation. [99] The price of gasoline varies considerably between the summer and winter months. [100]
All states require gas pumps to be labeled with the correct octane level and nearly all states do regular testing to make sure gas stations are in compliance. A minimum 82 octane fuel is recommended for most vehicles produced since 1984. Older cars with carburetors could operate with lower octane fuel at higher elevations. Regardless of ...
Exxon Mobil is one of the largest oil-and-gas companies in the world, with more than 11,000 gas stations across the U.S.In 2023, the company generated $36 billion in profits and $55.4 billion in ...
Cars with gasoline direct injection (GDI) have been especially prone to carbon buildup, and car makers recommend fuels with higher detergent levels to combat the problem. [18] At first GDI was mainly available in high-end autos, but it is now being used in mid-range cars and economy cars, such as the Hyundai Sonata, Ford Focus and Hyundai Accent.
Gasoline: Fuel can be a big chunk of your monthly expenses, with the national average price at $3.06 a gallon as of January 2024, according to the U.S. Energy Information Administration.