The 318 had a 3.91-inch bore and 3.312-inch stroke. Its compression ratio in 1968 was a hefty 9.1:1, but was reduced to 8.6:1 by 1973 in the interest of fuel economy. It was equipped with a two-barrel carburetor and generated 230 horsepower at 4400 rpm and 340 foot-pounds of torque.
While the 340, 360 and 383 V-8s got all the attention, the 318 proved to be Chrysler's best-selling V-8. This was due partly to keeping the 318's two-barrel carburetor that allowed a measure of fuel efficiency. Carefully maintained, the 318 could achieve 16 mpg.
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