I've recently noticed my 07 4runner 4.7 v8 SR5 on the last trip I made that normally on a full tank it would show on the gas mileage trip on center console, from being full like 345 miles to E. on my way back from that trip it dropped to 298 on a full tank. I've done 3 full tanks so far, and they're all under that 340 range. last week it actually went to 309 but that was it! only thing I did to it is put new tires on it 265-70-17 wheels instead of the old 16in, but that was done before the trip. tires are all matching pressure, I even put a new gas cap on it too. any ideas are greatly appreciated!!! thanks in advance, also no lights or codes are on either
I'm assuming your 16" tires were 265-70-16, which is the OEM 16" tire size for a 2007 4Runner, now you have 265-70-17s, which isn't the OEM 17" tire size for a 2007 4Runner, the correct 17" size is a 265-65-17 and is overall the same diameter/height, circumference, etc. as the OEM 16" tires and with a 265-65-17 you would still see the same mileage as you did with the 16" tires.
Now that you have the 265-70-17 tires they are bigger than the OEM 16" tires, the OEM 16" tires are 30.6" in diameter/height and have a circumference of 96.1" and 659 revolutions per mile, the 265-70-17 tires are 31.6" in diameter/height and have a circumference of 99.2" and 638 revolutions per mile, so you are actually going further for every mile shown on your odometer than the 16" tires were going, so you're most likely getting the same mileage as before it's just that now your speedometer and odometer are now off and not the correct mileage, and you are going faster then the speedometer is indicating.
The above mentioned specs are for the same brand of tires and in this case it a speculative brand just for comparison, the specs can be sightly different for these same size when the tires are of different brands.
To know for certain the actual specs you would need to research the specs of the actual tires you have now and the tires you used to have, and the number scan be +/- of what I posted above.
To know for sure what mileage you're getting now you need to use a GPS that shows MPH, but more so the miles driven, etc. and track your mileage and then do the math
The following links is where I got the above specs.
OEM 16" and 17" tire specs, click on the sizes to the right of the tire for the sizes and specs.
2007 Toyota 4Runner 2wd SR5 Tires
Specs on the size you are running now.
265/70R17 Tires