With all due respect, worrying about the gas mileage of a Volvo is a bit like being concerned about the curtains on the Titanic. Your gas mileage comment truly reveals your Toyota roots. (Please don't take this the wrong way, as I own both a 98 V70 XC and a Honda Accord, so I have seen both sides of the reliability coin!).
When you own a Toyota, you have the luxury of worrying about saving a little gas. Nothing will break on a Toyota, so your attention focuses on the little things.
When you own a Volvo, your concerns may very well include being stranded on the side of the road with a failed ETS (drive-by-wire throttle control system) or a myriad of niggling failures. All problems will cost much more to fix on a Volvo than with a Toyota. And there will definitely be more problems with the Volvo. In terms of reliability, they are just in a different (minor) league, compared to the Japanese cars.
Don't get me wrong. There are other benefits to Volvo ownership (for example, my wife and I just decided to hang onto our 98XC rather than get a new Honda Pilot, but the decision wasn't easy). But if you think that gas mileage is a major concern with the car you drive, then Volvo ownership probably is not for you. You may be very disappointed with the whole experience.
It reminds me of a question someone posted a few months ago saying his wife wanted a car with bullet-proof reliability for his wife. She treated a car as an "appliance". A Volvo would just drive someone like that crazy. She needed a Japanese car.
Good luck with your decision.
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