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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
gas prices

Off-Brand Gas Could Cost You Big Bucks Down the Road

By Jasper Scherer
July 8, 2016, 1:11 PM ET
Koehler Urges Higher Gas Prices
MUNICH, GERMANY - MARCH 23: In this photo illustration a man refuels his car on March 23, 2010 in Munich, Germany. German President Horst Koehler said higher petrol prices could help make Germans become more environmentally conscious. (Photo Illustration by Miguel Villagran/Getty Images)Photo by Miguel Villagran/Getty Images
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If you’re trying to save a few cents on cheap gasoline, it could wind up costing you big bucks down the road.

Off-brand gas clogs car engines, hurts fuel economy, and makes cars perform worse in the long run, according to a new report by the American Automobile Association.

AAA found that over a 4,000-mile span, off-brand gas creates 19 times more engine carbon deposits than gas from brands deemed “top tier” like Exxon Mobil (XOM) and Chevron (CVX).

What’s more, off-brand gas does not save consumers much at the pump, the study found. During a 12-month period, AAA measured an average price difference of three cents per gallon between top-tier and non-top-tier brands.

So-called top-tier gas uses a certain amount of cleansing detergent additives to prevent deposits from building up on important engine parts. A group of top automakers, including BMW, General Motors (GM), and Fiat Chrysler (FCAU), sponsors a program that holds brands to a “top-tier” detergent standard because they believe the formal EPA requirements are too lenient.

 

AAA’s study sheds light on how much these additives actually matter. Because deposits disturb airflow within the engine, they can create combustion problems that hurt mileage.

The study found that gas containing higher amounts of detergents reduced deposits on intake valves by 45% to 72% during a 5,000-mile test.

Just 63% of those surveyed by AAA believe there is any difference in gasoline quality among retailers, while three-quarters choose their gas station based on convenience or location. 12% buy their gas based on its detergent additive package.

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