I owned a '81 Chev 454 cu in GAS 1-ton 4-dr crew-cab DRW 4. 10 RAxR 3-spd Turbo 400 auto trans from '89 to '03. In '92 I purchased, repaired an installed a used Mitchell two-speed overdrive -- gear ratios were 1:1 and 28% OD. Total installation cost was about $1350. 00 (cost new and installed from a Mitchell dealer was about $2800. 00 at that time). The Mitchell raised gas mileage about 10%, which in the gas truck was an increase from approx 10. 5 mpg to 11. 5 mpg, although from time-to-time, especially with a tailwind and a long level drive with cruise control, I got as much as 13. 5 mpg.
Some quick math with the desk calculator indicates that during those 11 years PERHAPS I saved between $350 and $450 in fuel costs, meaning it would have taken around 30 years to recover my installation costs. What the Mitchell OD did do, however, was allow me to run lightly loaded on long trips at 65 to 70 mph without high engine noise, and still get about 10. 5 mpg, rather than the 9. 5 mpg we had been getting at those speeds before installing the Mitchell. It was the TIME element that the Mitchell affected, as opposed to driving range or cost -- we could make a 400 mile trip in 6-1/4 hrs rather than 8 hrs, and still remain within fuel budget for the trip (not counting the cost of the overdrive itself, of course).