One thing none of us mentioned: the $8 gap might not survive the trip.
When people make a special trip to a farther store, they tend to buy more — "since I'm here" purchases, extras they wouldn't get at the closer store. The savings erode because the trip itself changes behavior.
This is different from the other points. It's not about whether the gap exists or what your time is worth. It's that the decision to optimize the trip can quietly cancel itself out.
So the honest calculation isn't just "savings minus gas minus time." It's "savings minus the extra stuff I'll buy because I made a special effort to be there."