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This article is from the Motorsport FAQ, by A H Henry bspahh@midge.bath.ac.uk with numerous contributions by others.

34 Fuel (1994 IndyCar Specifications)

IndyCars are fueled by methanol, sometimes called wood alcohol. It is a
non-fossil fuel produced commercially by hydrogen and carbon monoxide
under pressure and is supplied to IndyCar by Valvoline. IndyCar chose
methanol because of its high octane rating and because water is and
extremely effective fire fighting agent -- when mixed with ethanol,
water will quickly dilute it to the point of non-flamability. One of
the main dangers of methanol is that its flames can not be seen in
daylight. Cars must have a minimum fuel efficiency of 1.8 miles per
gallon and have a maximum fuel capacity of 40 gallons.

 

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