President Obama says vehicle fuel economy standards set under his administration and better cars built by a resurgent U.S. auto industry will save money at the gas pump over the long term, a counterpoint to Republican criticism of his energy policy. http://www.foxnews.com/politics/2012/03/03/obama-fuel-efficiency-answer-to-rising-gas-prices/
In his weekly radio and online address Saturday, Obama said Detroit automakers are on track to build cars that average nearly 55 miles per gallon by 2025, doubling current mileage standards.
"That means folks will be able to fill up every two weeks instead of every week, saving the typical family more than $8,000 at the pump over time," he said. "That's a big deal, especially as families are yet again feeling the pinch from rising gas prices."
During the past several weeks, Obama has been eager to appear aggressive in the face of rising gasoline prices even as he reminds audiences that there is no simple, immediate solution that will reverse the current spike in prices.
"What's happening in Detroit will make a difference. But it won't solve everything," Obama said. "There's no silver bullet for avoiding spikes in gas prices every year."
That's great and all, but those of us already struggling at the pumps can hardly afford to buy a new fuel efficient car.
Actually, a lot of people are doing exactly that
Fordís chief sales analyst, Erich Merkle, said underlying demand for new vehicles was strong enough that gas prices were not deterring consumers from buying. They are increasingly choosing smaller, more fuel-efficient cars, he said.
Many people put off replacing their vehicles during the recession and are now in a position where it needs to be replaced. The average age of a vehicle on the road today is 10.8 years, the highest on record, according to the research firm R.L. Polk.
I only burn about 6 gallons a month myself. My wife drives a lot more, but since her Fit is averaging 35 mpg the extra cost is not ruinous -- a fillup has gone from $28 to $32, so that's an increase of about $16 per month. Now, the guy ahead of me who paid $68 to fill up his SUV last week probably has a different perspective...and a good incentive to dump the guzzler.