April 23, 2008
Auto industry told to deliver more fuel-efficient cars
It appears as though the federal government is holding strong to its mandate of last year that the auto industry's average fuel efficiency by 2025 be 35 mpg. This is from Dow Jones:
Automakers, often criticized for moving too slowly to react to environmental and geo-political concerns, are facing a new set of rules aimed at raising fuel economy standards, the Transportation Department said Tuesday. Current federal regulations call for average fuel economy across the industry of 25 miles per gallon, which amounts to 27.5 miles per gallon for cars and 22.5 mpg for light trucks. The new proposed rules look to bring that average up to 31.6 mpg by 2015. Last year, Congress mandated that the industry average for cars and trucks reach 35 mpg by 2025.
And, by the way, if you didn't notice, gas prices in Roanoke rose another 3 cents overnight to $3.408.
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