your choice
What bike...I've been riding for about 30 years now. The choice is up to you. Almost any motorcycle will get much better gas mileage than the average car. Even big Harleys are getting 35 or 40 mpg's, and UJM's are almost always better than that. My old Honda CB360 gets around 60-75 mpg, but looking after it is the best thing for mpg's. There are a couple of small scoots that get over 100 now. They look interesting, but obviously no good for highways, just round the corner trips. The 500 Ascot you mention is probably a good bet. I don't know what mpg it gets specifically, but you can't go wrong with a Honda, and 500 cc's is about mid range for mpg's. There's a few that you might not have thought about. Enfield makes a classy ride now, with fuel injection and claims to get 75 mpg! Anyway, your choice, all better mpg's than a car, but be careful out there.
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