I wasn't looking for better gas mileage when shopping for a new exhaust - I was looking for sound. If you want gas mileage and performance, I'd look into Borla Exhaust Systems.
My Ranger was getting about 15 miles per gallon city before I installed my new Borla muffler. After installing it, my miles per gallon went up to 18. I was thrilled about this, especially since I was just looking for sound. Another added bonus was the performace. I could feel more torque and horsepower the instant I drove it.
I'll admit, it wasn't the cheapest exhaust. I could have gotten a $30.00 Cherry Bomb but I researched and shopped around for months and I finally found what I was looking for. The muffler ran me around $140.00 or so w/ all the clamps and etc. It has a million mile warranty, and is made of stainless steel. Not to mention it looks pretty good from underneath - especially with a nice coat of polish on it.
All in all, I am 100% sold. I will continue to buy Borla parts for all of my vehicles. If you are interested in quality, performace, fuel economy and sound, I'd definately look at the Borla Exhaust line.