This paper focuses on the effects of vehicle gap changes on fuel and emission performance of the simulated traffic flow in the adaptive cruise control (ACC) strategy. Firstly, the close correlation of vehicle gap changes and the host car's behaviors was explored with the measured car-following data. Secondly, the correlation between the host car's velocity and vehicle gap changes with different memory steps was also explored to develop the nth car's optimal velocity function. Thirdly, a microscopic traffic simulation program was created for analyzing the traffic flow evolution process and approximately estimating the fuel consumptions and exhaust emissions. As a result, it was seen that vehicle gap changes with memory significantly affect fuel economy and emission performance of the simulated traffic flow in the ACC strategy, which can result in low fuel consumptions and exhaust emissions. This study is an incremental step forward for designing the control strategy of the ACC system.