We have E85 (85% ethanol/15% unleaded fuel) here in Australia
we even run our V8 race cars on it.... (think NASCAR engines)
http://www.youtube.com/watch?v=6_VVS-Cc6BAI have 2 cars here that love the stuff and actually have better dyno figures with E85 than the usual pump stuff and indeed some of the not so usual pump fuels....
and before we all argue about it being an Australian thing....
ONE of the engines is from your beloved ole USA

Pricing is competitive too with the ethanol fuels on average 10-20% cheaper over traditional fuels.
yes we use more but not 10-20% more so it does actually save you $$$$$$

Older engines don't like it so much but, specifically re-built engines and tuned to run on ethanol fuels will give better power and economy over the original engine even when it was at its very best.
http://www.ethanolanswers.com.au/ethanol/Oh.....
your fuel prices are dirt cheap too in comparision to ours
Here...... 1lit of premium unleaded ~$1:70
3.7854 lits = 1 us gallon
therefore.....
$1:70 x 3.7854=
$6:43 a GALLON 
and your paying how much a gallon
E85 sells for around ~$1:50 a lit...
