Bicycle Quarterly did wind tunnel tests with rider on bike and at speeds 22 mph and below there was no measurable difference in aerodynamic drag between narrow and wide tires. If most of your riding is done at speeds below 22 mph than go with tires with the lowest rolling resistance regardless of width.
Tire pressure chart
Handy calculator based on the above chart
Last edited by MKahrl; 09-22-12 at 10:59 PM.
Reason: Add links