Yep, that's about what mine does at that 1500-1700 RPM range. I know that 2000rpm is an exaggeration though because that's going over 90mph! I averaged 38.8 mpg on a ~600 mile trip from FL to mom's place in OH. For the first half, I averaged around 36mpg, and for the second half I averaged better than 40mpg. This was not pulled from the driver's information center, but mathematically calculated based on the odometer and fuel measured by the gas station fuel pumps.
At a constant speed of 45 in 6th doing better than 40mpg isn't hard. No A/C, just running the fan to vent air in, and letting it drift in neutral down hills that are steep enough to maintain speed allowed me to average over 40 despite having to drive extensively through the hills of KY into OH. On a flat road it would do better. I'm not talking out of my ass here, and would bet you cash that I could pull the same from any other C5 as mine is just a bone stock '97.
Chris
Yea the cars are good on gas when treated right, I had a 2000 vert M6 with a bassani exhaust, k/n cold air, and a tune and I could average 20 to 23 around town not babying the **** out of it just driving normal. I still did worse below 55-60mph in 6th gear. I'd say it is the area I live in which is north east TN and it his very up and down as far as hills.
