And Answers to Other Gasoline QuestionsBuying premium gas is like taking vitamins — you can't always feel the difference and yet you know it's the right thing to do. But as gas prices climb, paying the extra dime per gallon for premium is like adding insult to injury. Eventually, the thought is bound to jump into your head: Do I really need to pop for premium?

Until about 15 years ago, if a car called for premium gas and you pumped in regular, the car began to knock and ping and even vibrate. But that was before they essentially put a laptop under the hood of the automobile, said Dr. Loren Beard, senior manager of Environmental and Energy Planning, for Daimler Chrysler. Now, sensors take readings and tune the engine as you drive by adjusting the timing for whatever fuel you put in the tank.

The result is that a car that calls for the mid-grade gasoline will usually run on regular without knocking, Beard said. However, its performance will suffer slightly. How much? It will be perhaps a half-second slower going from zero to 60 mph.

Volvo cars call for "premium fuel [91 octane or better] for optimum performance and fuel economy," said Wayne Baldwin, product/segment manager for the S60/S80. "However, there is absolutely nothing wrong with using 87 octane, as the knock sensors and engine management system 'protect' the engine from knocking."

Baldwin, a former rally driver who competed in SCCA Pro Rally events, said that engines have changed a lot in the past 15 years. "Cars built before 1990 probably do not have knock sensors and many brands back then relied on high-compression ratios for the best performance. Today [performance comes from] electronically controlled spark curves, turbos, variable valve timing, supercharging and knock sensors."