I see many of you are modified and still posting some decent mileage.
Keeping the car stock and driving moderately with a mix of city/hwy, it seems like 18-20 is a pretty good expectation.
In contrast, I am driving a 4 cyl Malibu right now that is getting about 25-26 in a city/hwy mix, which is dissapointing for a 4 cyl. The problem is the car is relatively heavy, and a 170hp engine means you are in the throttle hard and often to move with traffic...resulting in an effect on mpg. On the hwy where the 4cyl can buzz along under light throttle is where it is in it's element.
My point is that under most driving conditions, it looks like I will pay a 6-7 mpg penalty for driving a Mustang......so if I drive 200 miles per week, that's an extra 3 gallons or so. Not a huge deal I suppose.