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Do you know of any products which monitor fuel consumption like this Johnny?
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I don't know of any off the shelf products. The SuperMID is one, the MPGuino project is another, and I'm developing yet another.
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What if you divide the MAF value by lambda (assuming you have an accurate lambda value)?
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It would work better than the scangauge, but your readings are only as good a your MAF (which may be non-linear at low airflow), and many cars (like mine) don't use MAF. This would be the best way to get readings on carbed cars, but it's still inferior to injector readings.