Plugs did get fouled, before I figured out an enormous error in the ignition timing (off by something like 50 degrees, but that's a story for another thread). They no longer do. Oddly, the atrocious gas mileage is utterly the same, from before recognizing the timing problem, to after it was corrected. And the 2-3 mpg is from babying the car, never exceeding maybe 2500 rpm, never spinning the tires... start off at a traffic light in 3rd gear, then at 25 mph or so, shift to 5th (which is 1:1... it's a Doug Nash 5-speed).
Also, there's no gasoline-smell when pulling the dipstick, either before running the engine, or after.