Check to see if there is any wobble in the crankshaft pulley, it should be spinning straight and true. If it begins to wobble, you may hear a ticking noise, a loss in gas mileage, and later the tick will become a knock. I had a similar issue with my 2001 Kia Sportage, and it turned out to be the crankshaft woodruff key.
This caused a miss-alignment which altered the correct timing, which in turn was causing the knocking, reduced MPG's, hesitation upon acceleration, and a slow return to idle RPM's. If this turns out to be your problem, the correct way to repair it is to replace the crankshaft, woodruff key, and possibly the pulley gear. Another option is a rebuilt, or crate engine, neither option is cheap. I chose a third option which some have claimed to have exceeded 60,000 miles using a carefully crafted, tightly fit, secondary woodruff key, and carefully bond the key in place, the gear to the shaft, all using JB Weld high temp two part epoxy, and let cure for 48 hrs. In my case so far so good. Gas mileage went from 12-MPG's to 19-MPGs, acceleration's back, and hoping for the best.
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