E85 is a joke. Its still 15% gas. In the US ethanol is made from corn which isn't very good ethanol. It contains about 1/3 less energy than gas and will get you about 1/3 less mileage. It takes more energy to make than you get out of it. Corn is better used as a food and this ethanol thing caused food prices to increase. If the government stopped subsidizing it its price would be higher than gas.
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