Here's an interesting link...
http://www.drivingethanol.org/motorsports/racing_fuel_characteristics.aspx
"For example, if gasoline is run at its preferred max power air fuel mixture of 12.5/1, it will release approximately 19,000 BTU's of energy, where ethanol run at its preferred power stoichiometric of 6.5/1 will release approximately 24,400 BTU's. By comparison, methanol releases slightly more, about 27,650 BTU's. The more ethanol there is in gasoline, the more powerful it is as a motor fuel. Typically, you can expect at least 5% more horsepower at the rear wheels of a vehicle running on E-85 than one burning gasoline only."
As far as race gas in a stocker goes, in my XH/S record holder (SOHC Honda 750, Stock) I ran ERC 110 gasoline. The manufacturer told me it kept the engine running cooler (than the very high leaded fuels like Av Gas) by removing more heat during the exhaust stroke. The circle track guys didn't tend to overheat when using this fuel.
Performance wise, IN THIS BIKE, it was worth .15 second and 1.5 mph on the dragstrip in back-to-back runs the only time I tested it against pump gas.
On the street, it was worth a bike-length over my buddies 750, and would pull 5-7 mph greater top end.
It also cost $3.85 a gallon back when premium was about 98 cents.
But the exhaust smelled really good...
E85 "Flex Fuel" vehicles get 20-30% WORSE mileage on ethanol compared to gasoline. That can't really be debated. Eth/Meth contains way less energy per gallon than gas. So, you have to use more of it, to do the same work. The only way around this: You could build a totally different engine, that could utilize the thermodynamic advantage that eth has over gas......and break even or possibly even come out ahead. But again, you'd have to build a
whole new engine, and it would be one that wouldn't run on pump gas. The trick is, although eth/meth has was less energy dense per volume, it does have a higher octane rating (about 110). So, you
could build a 14.5:1 compression engine, and run it on E100. In this case, you would increase the thermodynamic efficiency of the fuel. This means that burning the fuel would produce more mechanical energy (transferred to the crankshaft) and less heat energy (out the exhaust) when compared to the same fuel (eht/meth) in the 9:1 compression engine. This is where ethanol could catch or even pass gasoline; but, you CAN'T DO IT IN THE SAME ENGINE. If you have lower compression, ethanol is a total loser. If you have high compression, ethanol works, but pump gas doesn't. This is why Flex Vehicles are garbage. They work with gas, but get 30% less mileage if you use E85.
1) Ethanol contains
about 79,000 BTUs per gallon PERIOD
2) Gasoline contains
about 114,000 BTUs per gallon, PERIOD
3) Diesel contains
about 130,000 BTUs per gallon, PERIOD
......just wanted to point out a few things.
http://www.fueleconomy.gov/feg/flextech.shtml