A fuel enhancement system and method for supplying an engine with a pressurized homogenized mixture of a liquid fuel and a gaseous component. In one embodiment the system comprises a controller; a gaseous component flow control device, a homogenization system, and a gas processor. In another embodiment, the system comprises a controller; a gaseous component flow control device, a device for generating signals indicative of liquid fuel flow, and a homogenization system. Particular embodiments of the gas processor and device for generating signals indicative of liquid fuel flow are also disclosed.