Here in Santa Cruz, our progressive city council has added to the ethanol subsidy by renting a city owned corner lot for a dollar a year to an environmental group who will put in an E95 ethanol station. Yep, E95, even though there are few if any cars in the county that can burn it. The group pushing this alternative fuel here, states it will give instructions to buyers to only put it into a tank that is at least 1/4 filled with gasoline. Go figure how this is going to help. Yep when your tank is near empty, first go to a regular gas station and get a quarter tank, then to make you feel like you're helping the environment, drive over to the ethanol station and tank up.
Oh, and have you read about the E95 alternative to diesel? Well they do have one and it will run in unmodified diesel engines, but look at these stats and figure if it makes sense.
One gallon of #2 diesel contains about 130,000 Btu of heat energy, while E95 fuel contains about 78,000 Btu per gallon.
And,
Gasoline has 125000 BTUs per gallon versus 75000 BTUs per gallon for ethanol.
MPG on ethanol is 7-25% less then gasoline.
When the time comes where only E85 is available, you will minimally need to adjust the carbs richer, change all rubber components, and install a higher pressure fuel pump. Maybe it is time for our favorite carburetor re-builders to set some up for ethanol.