I'd keep the F150 you currently have and buy a beater gas saver car.
My honda civic SI (sporty faster model) gets me 32 - 33 mpg with my foot on the pedal. If i drive with some sense 35 - 36 mpg. It's a 2006, bought it with 44k miles on it for $6,000. It's a 2 door hatchback and with the seats folded down i have room for my gear when i go down to the boat.
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