Daily Driver.. LA318 vs 360 Magnum

How much gas do you use a year ?

360 is 13% bigger than a 318 even if that translated into a 13% extra fuel cost that's like $130 a year on every $1000 spent. Does it matter that much ?
If it matters that much put about 13% less rear gear then you would run with 318 and should get around the same mpg but with a loss of performance.

I've never notice that much difference in intown mileage in older cars. 6 or 8, small or large displacement.
The 360's got better millage than the 318's because of the torque. You could just touch the throttle and achieve the same response. I had a lot of both and the 360's were better all the time.