August 29th, 2012
New gasoline standards for cars and light trucks set by the US Department of Transportation and the US EPA won final approval on Tuesday after several months of public review and hearings.
The new mileage standards will require that American cars get an average of 54.5 miles per gallon by 2025. The EPA touted the change as a near doubling of fuel efficiency for cars, and predicted the effect on consumers would be like lowering the price of gasoline by $1 a gallon. Overall, the measure will save consumers more than $1.7 trillion at the gas pump and reduce U.S. oil consumption by 12 billion barrels, according to the EPA.