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56Saudi Arabia may institute higher fuel economy standards; keep 45-cent/gallon gas

When it comes to global oil production, Saudi Arabia is one of the absolute leaders, producing nearly 10 million barrels of crude every day. That means it can offer its citizens gas prices of about 45 cents per gallon. Despite this remarkably low price, though, the controversial, monarchical Middle Eastern country has just announced a series of reforms for the auto industry that will see American/European/Chinese-style fleet fuel efficiency standards come into effect.

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