Facts on the ground may push NHTSA to toughen CAFE rules
With gasoline now at $4/gallon (an all-time high for the US, but still ranked only 111th in the world) consumers are making up their own minds. NHTSA did its calculations for the new rules with the assumption that gas would be $2.26/gallon in 2015. This, of course, is consistent with the quality of most of the assumptions made by the current administration and totally unrealistic. At least in this case, the result of drivers moving to smaller more efficient vehicles will likely be positive. At any rate, Peters has indicated that the new rules will be re-evaluated and may be toughened. Perhaps they should just forget gas tax holidays and other silliness and just let the market take its course this time.
[Source: Detroit News]
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