El Paso Drivers Face Rising Premium Gas Prices Amid Increased Demand

Want the full story?
Read the complete article at KVIA
AI Summary
Premium gasoline prices have surged to over $5.40 per gallon, significantly impacting El Paso drivers who are increasingly filling their tanks with higher-octane fuel. This trend is driven by a growing number of vehicles that require or recommend premium gas, which now accounts for approximately 13% of all gas sales. Despite the rising costs, many consumers believe premium gas enhances their vehicle's performance, although studies show it offers no benefits for cars designed for regular fuel. The widening price gap between premium and regular gas has become a lucrative profit source for gas stations, raising concerns among budget-conscious drivers.
Key Details: • Premium gas prices have exceeded $5.40 per gallon in recent weeks. • Demand for premium gas has risen from 9% of sales in 2013 to 13% in 2022. • Many drivers mistakenly believe that higher octane levels improve performance. • Vehicles requiring premium gas are typically luxury cars and larger SUVs.