The difference between the stock tire and a 175/65/14 is 20 revolutions per mile fewer with the tires I'm running. With a 72" circumference this means 1440", or 120 feet less per mile than stock. So every 44 miles that are driven on the odometer means that my car has actually driven 43 miles. On a typical tank of fuel, around 300 miles, this means that in reality, the car has driven 7 miles less. I have been averaging about 45 mpg, which takes about 1/6th of a gallon to travel 7 miles. This equates to about 0.16667 gallons. So after doing a little math, in reality the mpg is off by about 1.2 mpg. So my mpg has still dropped with the new tires, but not a whole lot.
Caveat; I was never good at math in school, and it has been 20 years since I was in school so I HOPE my math is right.