Re: 1978 v4 140 Johnson
Properly propped for a maximum of 5800 RPM, The motor will run about 14 gallons per hour at WOT. That's a fairly typical ratio for carbureted 2 stroke outboards.
Everything else depends on setup, prop pitch, hull condition etc.
I can lose 20% efficiency in rough water when I have to use more trim for control while staying on plane.