Aug
02
Trump Cap on U.S. Auto Fuel Economy May Raise Prices at the Pump
By-
U.S. retail gasoline prices already hovering near $3 a gallon
- New plan to lead to 2-3 percent rise in daily fuel consumption
The Trump administration’s proposal to ease U.S. fuel economy standards after 2020 may slow an expected decline in gasoline demand, resulting in higher prices at the pump.
The Environmental Protection Agency and National Highway Traffic Safety Administration jointly proposed on Thursday to cap fuel economy requirements at a fleet average of 37 miles per gallon starting in 2020. Under the Obama plan, the fleet-wide fuel economy would have risen gradually to roughly 47 mpg by 2025. The change would mean a 2 percent to 3 percent increase in daily fuel consumption…
Trump Cap on U.S. Auto Fuel Economy May Raise Prices at the Pump
