Altitude reduces power (3% per 1000 ft), with the first 6000 ft compensated for by a turbo. But mileage seems to be a different story. I get much better mileage crusing the altiplano (12,000 ft) than crusing the tropics (1000 ft). That is not a scientific study, just 9 years of history.
I don't think many cars reach the 54 mpg I used to get on my Bug-eye Sprite in the 60's. I used to drive from DC to New York and back easily on one 10 gallon tank. Cost $1.05 each way in gas and $3.95 for tolls. It was only 948 cc, but with dual carbs, low to the ground, and 1200 lobs, it was a winner.
I don't think many cars reach the 54 mpg I used to get on my Bug-eye Sprite in the 60's. I used to drive from DC to New York and back easily on one 10 gallon tank. Cost $1.05 each way in gas and $3.95 for tolls. It was only 948 cc, but with dual carbs, low to the ground, and 1200 lobs, it was a winner.