5-7 mpg on a good day, and 3 on a bad day.
Heck, a NASCAR engine probably gets at least 3 mpg at 9000 RPM.
Something definitely isn't right with your engine. What model# is the carb (1405, 1406, 1407, 1411, etc), and has anyone messed with the jetting?
Does it start and run OK?
Does it smoke?
What color are the plug electrodes?
Have you checked the ignition timing -- initial, centrifugal, and vacuum?
If you have a tach, at what RPMs does the engine spend most of its time?
How many revs does it turn at 60 mph?
I wouldn't just run out and buy a new carb expecting things to get better, unless your Edelbrock is a 750 or 800 with extremely rich jetting.
I've had several Chevy pickups with small block/TH350 combo over the years, even a 383, and the worst I ever saw on the highway was ~10 mpg, and that was with a 307 2 bbl (!) I improved that to ~13 mpg by going to a small 4 bbl and dual exhausts.