Here is what is happening to Jim's engine and anyone else who is putting cheap gas in their SVT:

http://www.caranddriver.com/article.asp?section_id=4&article_id=3604&page_number=1

Some quotes from the article:

"The results were more dramatic with the test cars that require premium fuel. The turbocharged Saab's sophisticated Trionic engine-control system dialed the power back 9.8 percent on regular gas, and performance dropped 10.1 percent at the track. Burning regular in our BMW M3 diminished track performance by 6.6 percent, but neither the BMW nor the Saab suffered any drivability problems while burning regular unleaded fuel."

"Cheapskates burning regular in cars designed to run on premium fuel can expect to trim performance by about the same percent they save at the pump. If the car is sufficiently new and sophisticated, it may not suffer any ill effects, but all such skinflints should be ready to switch back to premium at the first sign of knock or other drivability woes."

Once again I say - If you want to save $2.40 a week, why do it by retarding your car's engine performance. I could save the cost of an entire months worth of premium but not eating lunch out once a month.