Also, Wikipedia has this to say about it:
“Both methanol and ethanol burn at lower temperatures than gasoline, and both are less volatile, making engine starting in cold weather more difficult. Using methanol as a fuel in spark ignition engines can offer an increased thermal efficiency and increased power output (as compared to gasoline) due to its high octane rating (114[8]) and high heat of vaporization. However, its low energy content of 19.7 MJ/kg and stoichiometric air fuel ratio of 6.42:1 mean that fuel consumption (on volume or mass basis) will be higher than hydrocarbon fuels. The extra water produced also makes the charge rather wet (similar to hydrogen/oxygen combustion engines) and combined with the formation of acidic products during combustion, the wearing of valves, valve seats and cylinder might be higher than with hydrocarbon burning. Certain additives may be added to the fuel in order to neutralize these acids.
Methanol, just like ethanol, contains soluble and insoluble contaminants.[9] These soluble contaminants, halide ions such as chloride ions, have a large effect on the corrosivity of alcohol fuels. Halide ions increase corrosion in two ways; they chemically attack passivating oxide films on several metals causing pitting corrosion, and they increase the conductivity of the fuel. Increased electrical conductivity promotes electric, galvanic, and ordinary corrosion in the fuel system. Soluble contaminants, such as aluminum hydroxide, itself a product of corrosion by halide ions, clog the fuel system over time.
Methanol is hygroscopic, meaning it will absorb water vapor directly from the atmosphere.[5] Because absorbed water dilutes the fuel value of the methanol (although, it suppresses engine knock), and may cause phase separation of methanol-gasoline blends, containers of methanol fuels must be kept tightly sealed.”
“Methanol occurs naturally in the human body and in some fruits, however it is poisonous in sufficient concentration. Ingestion of 10 ml can cause blindness and 60-100 ml can be fatal if the condition is untreated.[6]. Like many volatile chemicals, methanol does not have to be swallowed to be dangerous since the liquid can be absorbed through the skin, and the vapors through the lungs. “
Don’t have a fuel spill.
And if it catches on fire, it's nearly impossible to see in daylight. People involved in racing have been known to walk directly into pools of burning alcohol without realizing it.
Mark