http://www.faqs.org/faqs/autos/gasoline-faq/part1/
"It is important to note that the theoretical energy content of gasolinewhen burned in air is only related to the hydrogen and carbon contents.The energy is released when the hydrogen and carbon are oxidised (burnt),to form water and carbon dioxide. Octane rating is not fundamentally related to the energy content, and the actual hydrocarbon and oxygenate components used in the gasoline will determine both the energy release and the antiknock rating."
i believe this is what you are saying. see you are correct. notice the word theoretical.
"The energy content of the gasoline is measured by burning all the fuel inside a bomb calorimeter and measuring the temperature increase. The energy available depends on what happens to the water produced from the combustion of the hydrogen. If the water remains as a gas, then it cannot release the heat of vaporisation, thus producing the Nett Calorific Value. If the water were condensed back to the original fuel temperature, then Gross Calorific Value of the fuel, which will be larger, is obtained.
The calorific values are fairly constant for families of HCs, which is not surprising, given their fairly consistent carbon:hydrogen ratios. For liquid ( l ) or gaseous ( g ) fuel converted to gaseous products - except for the 2-methylbutene-2, where only gaseous is reported. * = Blending Octane Number as reported by API Project 45 using 60 octane base fuel, and the numbersin brackets are Blending Octane Numbers currently used for modern fuels. Typical Heats of Combustion are [36]:-
Fuel State Heat of Combustion Research Motor MJ/kg Octane Octane n-heptane l 44.592 0 0 g 44.955i-octane l 44.374 100 100 g 44.682toluene l 40.554 124* (111) 112* (94) g 40.967 2-methylbutene-2 44.720 176* (113) 141* (81) Because all the data is available, the calorific value of fuels can be estimated quite accurately from hydrocarbon fuel properties such as the density, sulfur content, and aniline point ( which indicates the aromatics content ).
It should be noted that because oxygenates contain oxygen that cannot provide energy, they will have significantly lower energy contents.They are added to provide octane, not energy. For an engine that can beoptimised for oxygenates, more fuel is required to obtain the same power,but they can burn slightly more efficiently, thus the power ratio is not identical to the energy content ratio. They also require more energy tovaporise."
i believe this show that there is some variation from formula to formula and even batch to batch.