I thought US gas producers were required to add 10% ethanol for auto use which is what most stores sell, but yes other sources are out there so his could be fine. But something is clogging up the run side of that valve, or maybe the rubber in it has a crack on that side of it causing it to pull air.
Well, if you like the guy and he seems straight up, just ask him about the fuel line issues you have heard these machines develop over time and see how he responds. He should be familiar with your area and the problems he sees. Or you can just look at yours where they connect to the carb nipples. If you see green sticky goo anywhere, the lines are breaking down. You will be able to see this better by taking off the breather box.