Been using it here in MN since the mid 80's I believe.
The one problem with it is it cleans out varnish over time. You will likely plug up a filter in an old vehicle, cleanning out your fuel system.
Milage can go down a bit, the cost of the blend should be cheaper, not that you see it when it's govt mandated of course. According to many studies, the most ecconomical & close to best milage blend is about 25% ethanol. While it has less BTU's per gallon, at that rate most engines are creating a more efficient burn front in the cylinder, and gets a tad more useful energy out of the whole mix. As well you can use the octane of the ethanol & use a bit less refining of the petrochemical part. In theory somewhere about 25% E would be ideal for the average vehicle.
Here in MN a few stations have started selling E30 for that reason.
A lot of folk blend their own, putting a bit of E10 in the tank, and a bit of the E85 in the tank, coming out somewhere near E30.
I've never had any troubles with a small engine, I cut a lot of wood & my wife is mowing about 3 acres of lawn on the 2 places. Same mower for 7 years now.
The gas in my bulk tank is probably 2/3 6 months old, and 1/3 is 9 or 12 months old. Got more diesels around here, don't go through the gas as fast.
I can't say as I've experienced any problems with the stuff (other than filter plugging). I hear a lot of stories coming from states that have a heavy oil industry in them, but around here, not much of an issue.
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