"Drivers jumping on the latest gas-saving bandwagon may be in for a shock when they see fuel-economy estimates for the newest darlings of Detroit: E85 ethanol flex-fuel vehicles. Run a new V6 Chevrolet Impala on good-old gasoline, and it'll get 21 miles per gallon in the city, 31 on the highway, according to Environmental Protection Agency (EPA) estimates. Burn E85 -- a blend of 85 percent of the alcohol-based fuel ethanol and 15 percent gasoline, which American automakers flaunt as their latest alternative-energy idea -- and the Impala's EPA numbers shrivel to 16 mpg city, 23 highway.

"It's no better with other kinds of flex-fuel vehicles, vehicles that can run on E85, 100 percent gasoline, or a combination of the two. Run a two wheel-drive V8 Ford F150 on regular unleaded gas, and the EPA says it'll get 14 mpg city, 19 mpg highway. Run it on E85 ethanol, and it gets 11 mpg city, 14 mpg highway. In other words, fill up on environmentally friendly E85 ethanol, and you'll get fewer miles per gallon than you would on gasoline."