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November 19, 2007 Abby
$977 Million in 2020
Ann Arbor, Michigan -- A new report by Environment Michigan finds that the automobile fuel economy provision in the Senate energy bill would save Michigan consumers $977 million dollars at the pump in 2020, reduce oil consumption by 42,718 thousand barrels per day and would be the equivalent of taking 516,739 thousand cars off the road.
“Rising energy prices are gobbling up consumer savings this Thanksgiving season,” said Abby Rubley, field director for Environment Michigan. “With oil approaching $100 a barrel, it is past time for Congress to take action and pass an energy bill that increases fuel economy and requires renewable electricity to save consumers money on their energy bills.”
The savings of the Corporate Average Fuel Economy (CAFE) provision would be even more significant nationwide. The Senate bill would:
This summer the Senate
passed the first new CAFE legislation in more than 30 years. Unfortunately, the
House energy bill did not contain the same provision. As Congress works to come
up with a final energy bill, the CAFE provisions and a renewable electricity
standard must be combined with efficiency provisions to create a bill that
“It is time for the auto industry to make our cars go farther on a gallon of gas instead of making the same tired excuses about how they can’t do it,” said Rubley. “We have the technology to get to 35 mpg by 2020. It’s time for Congress to pass a strong energy bill.”
A full copy of the report can be found at http://www.environmentmichigan.org.