JJBoxster is right. Methanol's energy density is less than half of petroleum spirit - 19.7 compared to 43.5MJ/kg - 45%. Methanol is only 50% hydrocarbons(38%C,12%H, 50%O) whereas petrol/diesel is 100%(86% C, 14/13% H).
As petrol's and methanol's densities are similar, filling your car with methanol, litre for litre, gives you less than half the energy, so mpg will be less than half too. To maintain range the fuel tank will be need to be more than twice the size, adding approximately 60kg to the average car with a full tank - increasing fuel consumption, and so on - dog chasing tail comes to mind.
If alcohol fuels, methanol, ethanol, are to be priced at approximately 50% of the current petrol price than maybe they will be a commercial goer for concerned greenies. But as we've already seen where mixes of 2.5%, 5%, even 10% bioethanol lead to no price reduction per litre as should be due to their reduced energy content, then we can safely assume that this will not be so. I'm afraid it's just another ripoff flying under the 'save the world banner'. If you're that concerned about saving a 4.5bn year old planet, go ahead, pay through the nose, for what JJ correctly calls p*ss.
Which brings us to why the sudden mania for alternative, especially alcohol fuels of late. Of course we know it's a lot to do with taxpayer dough being doled out to mickey-mouse 'green' enterprises coining it over the GW scam mania. But the real cause is the price of crude oil. This is not, as we are brainwashed to believe being driven by shortages or greedy Chinese killing blacks in Darfur for the oil there. It is caused by the hyperinflating of the money supply by the central banks, the US Fed foremost, which is destroying the value of the dollar. Supply and demand are not the problem. Gasoline consumption in America is falling - there's a depression there - what MSM not reported this? Quelle Surprise! OPEC have confirmed that there are no real supply problems, and that at least $30 of the current $110/barrel price is due entirely to speculators buying forward options, betting on higher future prices - self-fulfilling - on the London petroleum exchange.
Add to this that all the hot money - trillions - have left the 2000-2006 global housing bubble looking for a 'home' where investment returns are minimum 10-15% pa and you can understand why oil, food and metals have increased by two to five fold in the last 18 months. Oil is NOT running out any time soon! You are being literally put over a barrel by reckless, deliberate hyperinflation of fiat currency money supply by the moneylenders, which is driving the hyperinflation of oil, all its derivatives, plus food and energy. The world, not just the 3rd world is being pauperised to save the major banks being bankrupted by their multi-trillion losses on the blown housing bubble and associated derivatives - estimated at $600+ TRILLION!
Go search the Net for information on untapped giagntic oil field in Prudhoe Bay, Alaska, discovered in the early 70s but deliberately kept under ground. Go look up the gen on ambiotic oil. Go look up the discovery of hydrocarbons on Saturn's moon, Titan, estimated by NASA at greater than the earth's total. You're being conned with this oil shortage, Green crap. The intention is first to save the banks, driving up the cost of energy, transport, food and impoverishing the independent middle classes - of America primarily, but also the UK. After, there'll only be the super-rich and the new serfdom, unable to move - too costly - and existing on ration diets in your minimum wage job or benefit. Mission accomplished as Dubya is given to saying.