How much computation is behind a HttpContext.Current call?

<% Validator.RenderClient(Response.Output); %>

<% Validator.RenderClient(); %>

var results1 = new List<long>();
var results2 = new List<long>();

for (int j = 0; j < 100; j++)
{
    var sp = new System.Diagnostics.Stopwatch();

    // With HttpContext.Current:
    sp.Start();
    for (int i = 0; i < 10000; i++)
    {
        HttpContext.Current.Response.Output.Write(i);
    }
    sp.Stop();

    results1.Add(sp.ElapsedTicks);

    // Without:
    TextWriter output2 = HttpContext.Current.Response.Output;
    sp.Reset();

    sp.Start();
    for (int i = 0; i < 10000; i++)
    {
        output2.Write(i);
    }
    sp.Stop();

    HttpContext.Current.Response.Clear();

    results2.Add(sp.ElapsedTicks);
}

results1.Sort();
results2.Sort();

HttpContext.Current.Response.Write(string.Format("HttpContext.Current={0:0.000}ms, Local variable={1:0.000}ms, R={2:0.0%}<br/>", results1[results1.Count / 2] / (double)TimeSpan.TicksPerMillisecond, results2[results2.Count / 2] / (double)TimeSpan.TicksPerMillisecond, (double)results1[results1.Count / 2] / (double)results2[results2.Count / 2]));

HttpContext.Current=0,536ms, Local variable=0,486ms, R=110,2%

public static HttpContext get_Current()
{
    return (ContextBase.Current as HttpContext);
}

public static object HostContext
{
    get
    {
        object hostContext =
          Thread.CurrentThread.GetIllogicalCallContext().HostContext;
        if (hostContext == null)
        {
            hostContext = GetLogicalCallContext().HostContext;
        }
        return hostContext;
    }

System.Diagnostics.Stopwatch sp = new System.Diagnostics.Stopwatch();

        // With HttpContext.Current:
        sp.Start();
        for (int i = 0; i < 100; i++)
        {
            HttpContext.Current.Response.Output.Write(i.ToString());
        }
        sp.Stop();
        long result1 = sp.ElapsedTicks;

        // Without:
        TextWriter output2 = HttpContext.Current.Response.Output;
        sp.Reset();
        sp.Start();
        for (int i = 0; i < 100; i++)
        {
            output2.Write(i.ToString());
        }
        sp.Stop();
        long result2 = sp.ElapsedTicks;