Whether related to the power setting or not, my last tank did go up (with 32" tires).
The prior tank was 15.1mpg on normal mode. With power mode, it recorded 15.6mpg. So, either it did go up, or it really doesn't matter.
FWIW, I do mostly short trips (5m or less) and most driving is on city streets.
What's more interesting (maybe) is that I went from 14.2 to 15.1 when I replaced my u-joints. I could actually tell the vehicle rolled smoother and definitely was quieter. I'm not surprised it improved, but I was surprised at the amount. I think part of the improvement was due to an increase in outside temps though.
The normal vs power comparison was in the same ambients.
2001 Ebony VX and 1989 Custom 383 Corvette