The EPA is considering 15% ethanol in gasoline up from 10% ethanol for car years 2007 and newer...
Well, ethanol is corrosive, has less octane than gasoline, gets less fuel mileage than gasoline, and likely would only be an efficient fuel in an engine with a different operating temperature than current cars. The real purpose of ethanol is to increase oxygen in winter gasoline for a minor pollution benefit while ethanol is dubious in summer gasoline because of the evaporation rate of ethanol.
Also, I think that ethanol makes policy-makers dizzy when they get too close to it.