I've always used the highest octane fuel sold at the pump in my bikes and always will. It's never hurt a one of them. I calculated my fuel cost per mile, based upon my most recent MPG average, and came up with .076 cents for regular and .080 cents for premium. I'm not so tight that I'm worrying about the less than half a cent per mile differance and, after a quick glance around the room, it's apparent that I've spent a hell of a lot more money on other stuff.
According to Wikipedia:
"Most fuel filling stations have two storage tanks (even those offering 3 or 4 octane levels): those motorists who purchase intermediate grade fuels are given a mixture of higher and lower octane fuels. "Premium" grade is fuel of higher octane, and the minimum grade sold is fuel of lower octane. Purchasing 91 octane fuel (where offered) simply means that more fuel of higher octane is blended with commensurately less fuel of lower octane, than when purchasing a lower grade. The detergents and other additives in the fuel are often, but not always identical."