I agree with you. Driving agressively, whilst hitting the rev limit will heavily consume fuel, compared to road driving.
For a top speed run with a Bugatti Veyron, it will empty the tank in 15 minutes. I wonder how GT5 will simulate this...
And that fueltank of the Veyron is larger than 80 litres. Wondering how they implement the fueleconomy of the Veryon with the 80 litre fueltank tough. A race with more than a few laps would mean pitting in for refueling.