US: luxury drivers pay more for gas image

Some may call it “Divine Justice,” other may call it economics one on one, but whatever the reason a fact is certain: drivers of premium cars pay a lot more on gas than mass-market model owners.

And it’s not because the owner of a Mercedes-Benz has a far worse fuel economy rating than one that goes to work in a Toyota Camry or Chevy Impala. It’s simply because the first uses another grade of gasoline, called “premium” (notice another poetic reference). In recent months, the price difference between the different grades of gasoline has continued to grow.

Drivers that use regular gasoline are very happy when shelling out the cash at the station, as they’re only paying an average of $3.04 a gallon – a figure last seen four years ago – while those cruising in their expensive rides have seen a far lower price drop. Actually, the difference between the grades grew to the largest gap since 2008 – 40 cents a gallon, according to motoring association AAA.

“You’re at their mercy; if you want to keep rolling, you gotta pay the price,” says Joe Uzeta, who drives cars for executives – his company car gets premium, but his older 2001 BMW 5 Series and 2005 Lexus RX 330 at home only get mid-grade gasoline to lower expenses.

Via Bloomberg