Gasoline consumption across the U.S. has steadily declined during the last decade. Analysts have chalked up the drop in gas usage over the last ten years to the rise in more efficient technologies, better public transportation, the stalled economy and steadily increasing gas prices.
News of new CAFE regulations that would push mileage requirements up significantly came just days ago. The numbers are set and automakers will have to aim high, sort of, to hit the target of 35 miles per gallon by 2016. Several reports have stated that meeting these goals will add an average of $985 to the price of a new car by 2016. Estimates have also come in showing that automakers will spend a staggering $51.5 billion over the next five years to meet the new requirements. So, what's the real