Thanks for the advice. I tried the Edge CTS and liked the features it had. The problem was that it would only work for about a minute, then shut itself off. As it turned out, Edge said that it was not set up to use on a 2012 Colorado with a 5.3 V8. As a test, they had me try it on my 2002 Jeep Liberty and it worked fine, so there was nothing wrong with the CTS unit. I am glad that I got my money back on the Edge and the Diablosport Trinity T1000, which worked, but disabled my keyless entry system. I don't want to try anymore monitoring devices on this truck after this experience.
If I do anything in the future, I will consider headers and an exhaust system. I must agree that this truck gets better gas mileage at speeds below 75 mph. The truck only has 3500 miles on it now and I will be changing the oil very soon. I doubt that switching to a synthetic oil will help much, but it can't hurt either. My right foot is a big factor in the gas mileage and I have been watching it much closer now.