With all the compromise and hints coming out of Washington this week, it's been a challenge just keeping up with who's for what and what's good for whom. But, it looks like this afternoon our illustrious Senators have found one more compromise in their bones and have agreed to raise the CAFE standard for passenger vehicles to 35 mpg by 2020.
In about ten days, US Senators will start to debate raising fuel economy standards. Last month, a Senate panel approved the idea of raising the CAFE standards to 35 mpg by 2020. But not everyone is enthralled with this idea. In fact, Automotive News has got more details on the plan that some automakers are floating to create exemptions in the new, tougher CAFE standards. Auto industry lobbyists say the 35 mpg by 2020 is "extreme and untenable."
It's astounding how every day now seems to bring another report of gas prices on the rise. Today, the national average for regular fuel is $3.227, according to AAA. We can all predict this isn't the top of the charts for gas prices this year, so let's just file this under T for temporary. Also, if we adjust for inflation, gas prices are just a few cents shy of a truly historic "highest price ever," according to NPR.