There are some very efficient buck/boost converters out there. Like 95% and above efficient. Typically the cost of the power to use a buck/boost dc-dc converter is far outweighed by the ability to convert more of the stored charge into a potential that's suitable to operate the circuit.
Put differently, picture a barrel with a tap on it's wall somewhere near the bottom, and a different barrel with a conical-shaped bottom which tapers into a drain-like tap. Which is more useful? The latter is what you get from a good buck/boost converter.
Also:
In the typical water/electric circuit analogy the volume of water is synonymous to the amount of electrical energy stored (Joules). The pressure of the water is synonymous to the electric potential (Volts). Pipe diameter can be thought of as resistance (ohms), flow rate through a pipe (meters per second) can be thought of as current, and flow volume (cubic meters per second or litres per second) as power (watts).