We use 93 Octane in our 'Stangs. There is NO Ethanol in 93, as there is in 87, and I think 91(up to 10%) that evaporates out before the next Fill-up. Especially if you don't drive as much as we once did. I also believe Ethanol invites moisture into the Fuel System. My beliefs on this may be wrong, I may need to be corrected about this, but I don't want anything in my Fuel, but Fuel. And we also have a Tune in both our cars. BOB.
You might want to test your fuel. Unless your are buying fuel from a very specific supplier, pretty much every fuel from mainline (Shell, BP, Circle-K, etc) has up to 10% ethanol no matter the octane. The only exception will be pumps marked as "Non Ethanol / Marine".
When ethanol blends first hit the streets, 87 octane got ethanol first. Later on premium fuels got it. (mid-grades are usually blended in the pump from the 87 and 91/93 available from the in-ground tanks)
You can check it using a clear plastic cup that is uniform in shape. (cylinder) Pour some water in the cup. Mark the water level. Add fuel... at least 3x the amount of water. More fuel will allow for more separation. (Example, 1/4 cup of water, 3/4 cup of gasoline. Make sure you thoroughly wash out your wife's measuring cup)
If there is ethanol in the fuel, the ethanol will separate from the gasoline. You will see the water separation in the fuel.... If there is no ethanol, the line you marked for the water you added will be roughly the same. If it's ethanol fuel, there will be a noticeable difference in the height of the water above the line you marked. I tested it at the two stations local to me, as we have motorcycles that sit for months at the time. There is ethanol in all fuel selections in my small town.
If you want a graphic representation, search "testing ethanol content in gasoline" on youtube... just pick a video.....
There are some non-ethanol sources out there. A blanket statement of "all premium fuels are ethanol free" is inaccurate.
In regard to the octane rating, Higher octanes resist detonation. Older engines that have a lot of carbon buildup or even defects in the head will get detonation knock or pinging at certain throttle settings when hot. When a more modern engine senses knocking/pinging, the computer will retard the ignition timing to compensate. Retarding the ignition timing will result in a minor-to-moderate loss of power. So if you have a 87 octane engine and experience improved performance when running higher octane fuel... that MIGHT be the cause. I run 87 octane in everything I have owned that wasn't turbo charged. I don't recommend it, but I have also ran 87 in the turbo cars from time to time. So long as you are not running it hard (ie: making lots of boost) you're "probably" not going to hurt the engine. Again, I don't recommend it. The only exception for me, is that in the summer, I run premium fuels in the motorcycles we have owned which are air cooled during the summer. Not for performance, but to reduce knock/ping. The old Harley we recently sold was REAL bad about it, but H-D recommended 87 octane fuels. When we ran premium or added 104+, the knock/ping stopped.
Consider this. Modern Ford EcoBoost engines provide tuning to run on 87 octane fuels. If you read the brochures carefully, you will see "All horsepower/performance ratings are obtained using 91 octane fuel." Ford says your EcoBoost will run fine on 87... and it will... but you will not be making 400 horsepower with it.
You mileage may vary. Choose wisely.
For those of you who run turbos and superchargers. Why do some folks go to E-85? For more power. Why? Because ethanol INCREASES octane. Higher ethanol percentage fuels will resist detonation which will DESTROY a boosted engine. Thats just one of many reasons why you'll see E-85 in boosted cars pushing over 800hp. It allows for more aggressive timing. The tradeoff is that E85 is not as efficient, so you have to use more fuel. You can also get E-85 at lots of gas stations. You can't get 100LL aviation fuel or 100+ race fuels at your local 7-11.