I have had my 98 2.8q for almost a year now- and I have never put premium in it. I have never gotten any mis-fires and the performance is fine.

Found this on the web- thought it interesting...

The only modern engines that should really need premium are those with superchargers, which force-feed fuel into the cylinders. "You're driving along and just tramp the gas and the knock sensor cannot sense the knock fast enough in some cases," because the supercharger boosts pressure so fast, says Bob Furey, chemist and fuels specialist at General Motors.

Burning regular when the owner's manual specifies premium won't void the warranty, nor damage the engine, even the most finicky automakers say. "You're giving up perhaps just a little bit of performance that a customer wouldn't really even notice, it's so slight," says Furey.

Automakers say they don't test premium engines on regular to check the difference, but some auto engineers estimate that power declines roughly 5%.

"We can't guarantee the vehicle will perform as specified if other than premium fuel is used," says Mercedes-Benz spokeswoman Michelle Murad. All U.S. Mercedes engines specify premium.

All Porsche engines are designed for premium, too, but it's not available everywhere. "Our cars must be able to drive all over the world, and so we are able to run on regular," says Jakob Neusser, director of powertrain development at Porsche's research and development center in Weissach, Germany. "You don't have to feel that a mechanical problem or anything else will happen" using regular gas, even in the highest-performance, regular-production Porsches.

Premium, in fact, sometimes is worse fuel than regular. It resists knock because it's harder to ignite than lower-octane fuels. As a result, some engines won't start as quickly or run as smoothly on premium, notes Gibbs, the SAE fuel expert.

High-test does have a potential fuel economy benefit. It is slightly denser than lower-octane gas, meaning there's a little more energy in a gallon. But the small difference is hard to measure in real-world use, and that same density can contribute to undesirable buildup of waste products inside the engine.

No data show that engines designed strictly for regular run better or longer on premium.

The Federal Trade Commission, in a consumer notice, emphasizes: "(I)n most cases, using a higher-octane gasoline than your owner's manual recommends offers absolutely no benefit. It won't make your car perform better, go faster, get better mileage or run cleaner."