I saw a mythbusters episode that tested that theory. They came to the conclusion that at 55mph with your windows down gets better gas milage than have the A/C on at the same speed.
I cruise w/ my windows down all the time (unless on highway) and get over 300 miles on one tank of gas easily.
My ride(Cardomain link) :
'95 Contour 16V Zetec DOHC,
Teal , ATX
Born on Sep. 4, 1995
86+ miles
*LEDs mods are on their way!*