Cars are making a lot more power now, but mileage hasn't improved a whole lot. New cars are heavy.
Top Ten High MPG Cars – 1995 Model Year:
•Honda Civic HB VX 4-cyl., 1.5 liter – MPG: 47 city / 56 highway
•Honda Civic HB VX 4-cyl., 1.5 liter – MPG: 44 city / 51 highway
•Geo Metro 3-cyl., 1.0 liter – MPG: 44 city / 49 highway
•Suzuki Swift 3-cyl., 1.0 liter – MPG: 44 city / 49 highway
•Honda Civic 4-cyl., 1.5 liter – MPG: 42 city / 46 highway
•Honda Civic 4-cyl., 1.5 liter – MPG: 40 city / 45 highway
•Geo Metro 4-cyl., 1.3 liter – MPG: 39 city / 43 highway
•Ford Aspire 4-cyl., 1.3 liter – MPG: 36 city / 42 highway
•Honda Civic Del Sol 4-cyl., 1.5 liter – MPG: 35 city / 41 highway
•Nissan Sentra/200SX 4-cyl., 1.6 liter – MPG: 30 city / 40 highway
http://www.mpgomatic.com/2007/10/23/cheap-high-mpg-cars-1995
None of those cars would come close to today's emissions requirements either.