FYI,
I did some looking up and during the 80's before the days of computer controlled cars, there was a unit made by Zemco that did exactly as I described. It consisted of a main display, fuel flow meter and speedometer. Based on the inputs, it was able to come up with average fuel economy as well as instant fuel economy. Unfortunately, these units are quite rare these days. But it would sure be nice to have this and be able to adjust driving habits to attain the best fuel economy.
Here's a picture of what it looked like.
