Gasoline burns at 1 part fuel to 14.7 parts air (ideally 14.7:1 ratio at cruise, accel and decel are different).
Ethanol burns at 1 part fuel to 9 parts air under the same stipulations, thus using lots more "fuel" per mile.
Methanol burns at 1 part fuel to 6.47 parts air using even more fuel per mile.
Anything that uses a carburetor will have to be rejetted, or a new carb bought for it (lawnmowers, chainsaws, weedeaters, gas powered tractors, what have you...).
Alcohol does burn cooler and cleaner, and does have a higher octane rating than gas.
Many things will be incompatible if the alcohol is at a high enough content, fuel lines, gaskets, (aforementioned) o-rings, fuel filters, etc etc etc etc.
Alcohol fires are invisible...... this will prove to be a true mutha fucker, just wait.
Full computer controlled fuel injection vehicles can change mixture on the fly, it is unknown if they can swing far enough to accommodate high levels of alcohol (there are no specs on the amount of self adjustment).
Flex fuel vehicles are (should be) going to be ok with this.
See...
en.wikipedia.org
And
en.wikipedia.org
(this contains info about incompatibility issues)
Here is something for those too lazy....
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