Gotem, it's probably the water attracted by the ethanol that reduces lubrication
and yes ricky & charger, properly mixed 40:1 (or whatever your engine requires) 87 octane is better than 89 or 93 mixed @ the wrong fuel/oil ratio
i run ethanol in my boat all the time, but i don't let it sit there. ethanol doesn't hurt your daily driver vehicle, because it's constantly in motion. ethanol sitting on rubber, causes the rubber to deteriorate more rapidly than normal. air inside your gas tank attracts water, so even ethanol free fuel isn't waterproof. but ethanol itself attracts water, so you've got air & ethanol collecting water if you use ethanol fuel, meaning you attract water more quickly by not using ethanol free fuel.
if you circulate the fuel by using the vehicle or boat or whatever, then the water doesn't pool up or separate from the fuel, & you don't end up with 'bad gas'. the fuel & water have separated, it might still crank up, but then you start moving around that 'bad gas' then you start running pools of water or mostly water into the engine & it spits, sputters, or stalls. the ethanol itself, still runs fine, but it caused water to build up, & your motor runs on gas not water, the ethanol also possiblysent a few small pieces of rubber through your fuel system, possibly clogging up important passageways
point being, if you are going to run ethanol fuels, don't let the fuel sit, especially in the carb. also, if you're going to store your gas powered engine, either drain the tank & fuel system completely (painful), or run it all the way empty, then fill it up w/ ethanol free and fuel stabilizer like Stabil. even "treated" fuel still has a shelf life, so if your planning to let it sit for a year or more, you should complete drain the fuel system, that means the tank, the fuel lines/filter, and the carb. i keep my fuel tanks full, but i also use my toys often.