As oil prices have soared and become increasingly unstable, these increased fuel standards have become implemented nationwide. But most strikingly are the actual, real-world increases in fuel economy. US EPA Fuel Economy Trends ReportAcross the board — cars, crossovers, SUVs, minivans, and pickups — the fuel efficiency of vehicles have continued to climb steadily, even just during the past decade. Yet the increased fuel economy alone has saved families a tremendous amount: an estimated $17,000 over the 1980-2014 time period. At a time when oil prices are falling, this is even more important, as low oil prices historically correspond to a lack of investment in fuel economy.

Source:   Forbes
December 07, 2017 15:33 UTC