String concatenation in Ruby

My first instinct when it comes to concatenating strings would be to use the += operator:

name = "Peter"
=> "Peter"

name.object_id
=> 15320

name += " Parker"
=> "Peter Parker"

name.object_id
=> 34480

However, as you can see, doing this creates a new object. Instead, << should be used to maintain the same string object and also improve performance when working on larger batches of strings.

name = "Peter"
=> "Peter"

name.object_id
=> 54960

name << " Parker"
=> "Peter Parker"

name.object_id
=> 54960