less than 400 miles on bike since restoring from sitting in barn for 20 years.
rebuilt carbs, cleaned tank, oil and filter change, new air filter, frt forks redone, brakes redone, new cables, new chain and sprocket factory specs, new points and plugs, new tubes/tires inflated to specs.
run 89 octane unleaded mostly around town and some country roads. No long road trips as of yet since I'm still messing with mixture which I think I've got pretty close now based on performance and plug chop. Original owner thought it was close to 50mpg but might be due to different gas as you stated.
This is my first bike so I have no experience to judge gas mileage. thanks for your input