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Tuesday, July 31, 2012

Obama To Raise Auto Fuel Standards. Auto Dealers Worried.


The Obama administration is finalizing a program that will raise fleet wide fuel efficiency to 54.5 miles per gallon.

The auto dealers warn this could hurt the recovering car industry and make sticker prices so high that will keep buyers away.

While dealers support fuel economy increases, if they can't sell them it won't help. Some estimate the program would cost buyers an additional $3,000 for a new vehicle.

The program is intended to save motorists $8,200 at the gas station over the life of their vehicle.

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