Finally got down to the point where I needed to fill up my truck today. After doing a little calculation, I came up with 23.129 gallons used with 201.2 miles. This comes out to a 8.70 mpg overall, almost all city driving with some hauling of stuff. Since I can usually end up with 10-12 mpg on premium in the summer when I don't take any longer trips, if I figure an average of 11 mpg normally, this means I lost about 21% fuel economy with E85. I paid $108.18 for the E85 at the last fill up for $4.499 a gallon while premium would have been $134.61 at $5.599 a gallon. Essentially that makes running E85 a wash since I paid about 20% less. Again, my numbers aren't 100% exact here either, since I'm estimated 11 mpg overall, it would go up or down from 10 to 12 mpg as the average. Unfortunately I don't travel like A_Harman does, so my data isn't going to be quite as useful as his.
Filling up today I was able to get E85 for $3.529, which I got 17.129 gallons for a total of $60.45. I ended up using 6 gallons of 87 octane added to the mix for a total of 23.129 gallons, of which I was able to get for free. However, I'm going to ignore that calculation as part of the E85 cost, and if I would have bought premium it would have been $5.179 a gallon for a total of $88.71. This is a difference of 32%, so running E85 with a 20% loss in fuel economy makes even more sense at this price.
My main reason for adding the 6 gallons of regular was to see if the truck gets any real improvement in mileage. I tested the E85 with my ethanol tester, it came out to 80% again. With the around 2 gallons I had left at 72% (1.44) alcohol content, 6 gallons of 87 with 10% (.6) alcohol content, and 17 gallons of E85 (13.6), that comes out to a total of 15.64 gallons of alcohol to the 25 gallons total, which ends up being 62.56% alcohol, down from the 72 it was overall last tank. This is almost perfect with my alcohol sensor in the truck, which is reading 62.7% after mixing everything up on the drive home.
I again don't plan on any long trips with my truck, so another 5-6 weeks from now I should have some more numbers. With E85 going cheaper, it seems like a good choice to run, especially since my truck does also seem to make more power overall from the datalogs. Seems to spend more time in V4 mode as well as having 10-15HP and TQ all across the board while running in V8 mode. And with the free 6 gallons of regular, I still come out with an octane of around 99-100 total, which is more than enough to meet the premium fuel requirement of 91.