As reported October 19, 2016 in The Barrel blog by John Kingston, Director of Global Market Insights, S&P Global Platts. 

It may not change human behavior, but if it did, a recent AAA report on the benefits of premium gasoline might cut into what on paper looks like a pretty profitable business.

In the study, released in the middle of last month, AAA — the long-standing interest group that looks at automobile issues through the lens of the car owner and driver — doesn’t mince words.

The amount of money the average American spends on premium gasoline in cars that don’t need it is “wasted.” In the last year, it puts that figure at $2.1 billion. “Today, many motorists believe that premium grade gasoline will give engines designed to run on regular a variety of benefits, including more power, lower tailpipe emissions, and better fuel economy.”

To continue reading the full story, follow this link to Platts The Barrel.