Ouch, that's a controversial one. Everyone will tell you a different story. I'll tell you what I experienced.
I ran premium 95 and 98 in my 5.7L but the best value I got was with E10. Maybe because it's a V8, and it used the same amount of fuel on all fuels. Although I have a tuner where I reprogram the ECU according to each fuel type, maybe that's the reason I see no difference. Never tried without re-tuning, so I'd say it could play a difference. I have a feeling, but didn't try yet, that if I program the E10 tune and run premium, I might get better economy and vice-versa (running E10 on premium fuel tune), as there's different timings for spark plug advance, knock regards is different, etc.
I did a big study on E10 before I switched to using it. Contrary to popular belief, E10 is quite good quality here in Oz and in fact, even cleaner than 95RON according to info I found. So far I did 30K with it and hasn't missed a beat.
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n00b question - what is this 'pinging' you speak of?
My Commodore is rated to run on E90 fuel if you wish – 90% ethanol and 10% unleaded. I thought this was a printing error when I first read about it, but the dealer assured me it wouldn’t hurt the car to give it a try. The local petrol station was selling some E85 at around 20 cents a litre cheaper than unleaded, so I used it exclusively for 2,000 km of my normal running. I then changed back to unleaded and measured consumption for 2,000 km. The result was pretty dramatic – my fuel consumption was around 30% worse on the E85, and therefore it actually was costing quite a bit more to do the same distance. Plus the inconvenience of more stops to refuel, even if E85 was widely available (which it is not). So, I stopped using it. Within a few months, the E85 pump was taken away from the petrol station anyway – I suspect others might have discovered much the same outcome.
In terms of E10 – I use it a fair bit and have not noticed any drop off in fuel economy while doing so. I do think there is a slight reduction in performance, but unless you are the sort of driver that is eager to leap off the mark at every set of lights, it does not matter much. I quite happily use E10 if it is a bit cheaper, but I don’t tend to use it exclusively.
Phillip
My V8 used to ping on 98, but if I install a performance tune, it was ok, probably due to knock retard. The quietest was on 95 as stock but most economical is on E10 after a ECU tune for E10 and as I mentioned earlier, I didn't try that on stock tune. It's obvious that each fuel would give different results in terms of timing and burning as each has different octane level, that's why we have the ECU tunes, but these are more used by enthusiasts to gain better power and performance. My tuner cost me $400.