Abbott was founded in 1871 as a stop for the Missouri-Kansas-Texas Railroad and was named for Joseph Abbott (Texas politician), who represented the area in the Texas legislature at the time. Its population peaked at 713 in 1914 and has declined since. The town was incorporated in 1916.
Follow Business Insider: dno1967b at www.flickr.com. EVEN at the cheapest petrol station in your correspondent's neighborhood, filling up the family kidmobile with premium (91 octane) fuel now costs over $70. As the meter clocks up dizzying dollar amounts, he looks longingly at the regular (87 octane) pump.
Premium gas costs 15 to 20 cents per gallon more than regular. That can add up to $100 or more a year in extra costs. Studies indicate that altogether, drivers may be spending hundreds of millions of dollars each year for higher octane gas than they need.