And.....
I just found this awesome study that includes a few different mixtures of gas and ethanol and the average decrease in mpg was "1.5% lower mileage with E10, 2.2% lower mileage with E20, 5.1% lower mileage with E30". Read it in the link below!
Basically, Ethanol burns 60% as efficiently as gasoline, and since gas with 10% ethanol is 90% pure gas, we only have 10% of the volume being 60% efficient. So if 90% is at 100% efficiency, and 10% is at 60% efficiency, we have a total of 96% efficiency compared to 100% pure gas.
Or........
0.9*1.0 + 0.1*.6 = .9 + .06 = .96 = 96%
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