I think 40mpg is doable with an 2nd gen s10. 2.2L, regular cab, 3.08 or 2.97 gears, E-fan, wheel covers, 3" drop, Air-dam, bed cover, PS delete, AC delete, LED's, LRR tires, low viscocity fluids would probably put you pretty close.
My s10 has averaged mid thirties on many occasions. I always have a toolbox with a couple hundred pounds of junk in the back, and I take my trash to the dump (located in the country) twice a week. Those short trips eat up mileage. I live 35 miles from work one way, 7 of those are through the city with 35-45mph speedlimit and 4 lights. I can average over 45 for the city part if I hit the hills right and time the lights.
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