Ethanol fuels are a huge boondoggle and do not save any oil because of the lower gas mileage that occurs when using them. The energy needed to produce ethanol from planting and harvesting the corn, shipping it to ethanol plants, making the ethanol and shipping by truck for distribution ...ethanol cannot be shipped by pipeline... exceeds the energy gained from using it as fuel. The ethanol industry also depends on continued government subsidies from planting the corn to pumping the ethanol into your car.
I recently read an article saying that our taxes subsidize the ethanol industry at the rate of $1.05 per gallon. IOW, we pay at the pump for the ethanol that's ruining our small motors, (and also damaging fuel systems in older cars), and then again when we pay taxes used to subsidize production of the ethanol that's doing the damage to begin with.
Ethanol: Fuel For Thought
Everything you need to know about ethanol and your bike