I don't see the savings? Unless those numbers are incorrect.
2005 Ford Taurus FFV
Fuel......City.........Highway
Gas.....19mpg.........27mpg
E85.....15mpg.........20mpg
..................................E85.... ...Gas
Cost to Drive 25 Miles.... $3.54... .$3.31
Fuel to Drive 25 Miles... 1.47 gal...1.14 gal
Cost of a Fill-up.......... $39.04 .... $47.14
Miles on a Tank...........275 miles.. 356 miles
Tank Size..................18.0 gal .. 18.0 gal
Annual Fuel Cost*...... $2126 ..... $1993
* Based on 15000 annual miles and a fuel price of $ 2.91 per gallon of gasoline and $2.41 per gallon of E85 .
Fill-up cost and the distance you can travel on a tank are calculated based on the combined MPG and the assumption that you will re-fuel when your tank is 10% full.
www.fueleconomy.gov
E85 is usually used in engines modified to accept higher concentrations of ethanol. Such flexible-fuel engines are designed to run on any mixture of gasoline or ethanol with up to 85% ethanol by volume. The primary differences from non-FFVs is the elimination of bare magnesium, aluminum, and rubber parts in the fuel system, the use of fuel pumps capable of operating with electrically-conductive (alcohol) instead of non-conducting dielectric (gasoline) fuel, specially-coated wear-resistant engine parts, fuel injection control systems having a wider range of pulse widths
(for injecting approximately 30% more fuel), the selection of stainless steel fuel lines (sometimes lined with plastic), the selection of stainless steel fuel tanks in place of terne fuel tanks, and, in some cases, the use of acid-neutralizing motor oil. For vehicles with fuel-tank mounted fuel pumps, additional differences to prevent arcing, as well as flame arrestors positioned in the tank's fill pipe, are also sometimes used.
http://en.wikipedia.org/wiki/E85#Availability