My father and sister both do it all the time,mileage dropped for both cars substantially.
Timing gets retarded to prevent detonation so performance and economy both take a hit.
He only sees the 2 bucks he saved at the pump,typical consumer,penny wise pound foolish.
Mom on the other hand pays heed to the "use premium fuel only"
above the gauge needle and both comment on how nice her car runs even though they both have the same engine.
Still its not enough to get them to part with the extra couple of bucks on gas.