i think methanol is some pretty nasty stuff, not to be toyed with by backyard mechanics
im not sure how fast, but if you're near an open source it can be absorbed through your skin. decent exposure can make you go blind, and (quite efficiently) even kill you
dunno what sort of exposure you need for it to be particularly harmful/fatal, but id certainly be looking into it if i were you
edit: thought so, have a good read here, specifically the toxicity and safety information
http://en.wikipedia.org/wiki/Methanol_fuel
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