How much should I expect to spend.

Fuel economy will probably go down compared to the 273s which are probably the best gas sippers of the mopar v8 game. If both budget and gas mileage are a concern, you may want to also consider a 318. Those things are practically given away. Tranny should be OK, I would be more worried about the rear if you have a 7.25".

The price really depends on the deal that you get, so it is hard for anyone to say. I personally would budget $2000, but that would include a freshen up of any motor I bought, plus some performance upgrades.... But I have seen running stockish LA motors with good compression sell for $500.... really depends on the deal....

http://losangeles.craigslist.org/sgv/pts/1930669567.html
http://losangeles.craigslist.org/lac/pts/1928922664.html
http://losangeles.craigslist.org/lac/pts/1928916312.html
http://losangeles.craigslist.org/wst/pts/1936555209.html


I'd definitely be happy with 300 hp in the near future. I'm a 21 year old college student so I'm not trying to build a 500+ hp car right now. I have a stock 273 2bbl in it right now with 180 hp, and I've been told that it would be cheaper to just drop a 360 into it than it would cost to convert it to a commando engine. So yeah, I mean say I would be happy with 300 hp, what should I expect to pay?

And this might be a hard question to answer, but how much mpg should I expect to get? I mean, I understood that old american isn't the most efficient, and right now I get like 12-15 mpg, which I don't mind, but if it were to get like 8 mpg, I might not be able to handle that ha h.a