Cars aren't really designed to drive on kerosine (I think). Most engines aren't really designed properly to be able to run on a mix of ethanol and gasoline. I know that simply changing from 87 to 91 octane really doesn't do anything for mpg. If it does, the average driver thinks, "Well I am getting better mpgs so I can be a little heavier on the gas" and they completely negate the benefits and possibly lower their mpg.
As for performance, 91 octane really doesn't do much for engines that are designed for 87 octane like the 1mz-fe. If I had a Jaguar I would use 91 octane and not 87. But I don't, so I don't.
If you want better performance, tape quarters to the bottoms of your shoe... you'll go a tad faster then.
If you want better fuel economy, let off the gas and coast more often. Don't have your foot on the gas if you know you're going to stop in a block or two, and don't jump off the line when you see green lights, just let your car roll for a second or two first then softly accelerate. People will think you're driving like a granny, but your wallet will think you're driving like a genius.