Your car is a big investment. You want to take good care of it. Sure, you get the oil changed regularly and keep in touch with your mechanic for routine maintenance. But do you use premium gas when it comes time to fill up the gas tank?
If you do, AAA says you could be wasting your money ... $2.1 billion to be exact. That's how much Americans wasted on premium gas last year - all by topping off their cars with premium gas they don't need.
$2.1 billion? How does a number get that high? In this case, AAA says that customers see the word premium and automatically assume that it applies to all vehicles.
But that's not the case. There are only 485 cars (16 percent of American drivers) that require premium gas. Click here to see the full list from Edmunds. Simply put, these cars need premium gas. The others don't.
However, there's a surprising list of luxury cars that don't require premium gas, even though you would probably suspect they would:
- Cadillac ATS, CTS, XTS, SRX
- Hyundai Equus, Genesis
- Lexus ES350, NX300h, RX350, CT200h
- Lincoln MKZ, MKS, MKC, MKTm MKX
- Volvo XC90
- Infiniti M37
- Buick Lacrosse
Bottom line: If you have a car that requires regular fuel, use regular fuel. The study from AAA found no benefits from regular cars using premium gas. Not one.
This week, the national average gas price is around $2.20 per gallon for regular and $2.71 for premium. That's about a $0.50 difference, and on a per gallon basis, that can add up to some seriously wasted cash - $2.1 billion in wasted money at the pump is nothing to sneer at.
So unless you like throwing your money away, stick to the guidelines set forth in your owner's manual, which you can access online here.
- Gas prices keep rising and are always changing. How many times have you filled up your tank and then driven by three more gas stations with cheaper prices? Click here to find the best gas prices with the Gas Buddy app.
- We've all been stuck at what seems to be the world's longest red light. But if you know this simple trick, you can turn that red light green. Watch and find out the trick.
- Don't get caught on the side of the road with no gas. Use this handy chart to see how many miles you have after the gas light comes on.