President Obama to Announce New Fuel Efficiency Standards This Week

3 years 8 months 1 week ago August 28, 2012 Aug 28, 2012 Tuesday, August 28 2012 Tuesday, August 28, 2012 5:24:00 PM CDT in News
By: Marisa Breese

COLUMBIA - President Obama's administration is set to announce historic new fuel efficiency standards this week. The new requirements will make it so cars and light trucks must get an average of 54.5 miles per gallon by 2025.

Officials say that automakers across the country, including members of the Big 13, like Honda, GM and BMW, already have a running start in designing vehicles to meet these standards.

Reports show that this is just what consumers are looking for; the first six months of 2012 marked the most purchases of fuel efficient vehicles ever.

"People are buying smaller, more fuel efficient vehicles because gas prices are just so expensive right now," said BlueGreen Alliance deputy communication director Eric Steen.

With the new standards in place, drivers nationwide can expect to save money...Missouri residents will save an estimated 1.725 billion dollars at the pump.

"These new cars might cost a little bit more, but as soon as you drive off the lot, you'll be getting your money's worth from the car. With the new standards, you'll make back any extra costs in the first few months because of your fuel savings at the pump, and the car will have paid for itself within the first three years. And after that, you're essentially making money off your car," said Ronald Hwang, the Transportation Program Director for the National Resources Defense Council.

Along with saving money, there are other benefits as well.

Experts say the standards will also bring 14,000 jobs to Missouri.

It will also decrease America's dependence on oil, both foreign and domestic. By 2030, officials estimate the U.S. will cut its oil usage by at least a third of what is used to generate fuel today. 

And one of the biggest benefits is that the standards will drastically reduce Greenhouse Gas emissions. In Missouri, 4.81 million metric tons of harmful CO2 gas will not be released into the air.

Some legislators have lobbied to delay the release of these new standards citing concerns such as: compromising consumer safety, limiting consumer choice, and additional initial costs when buying a new vehicle.

Hwang says these concerns have been considered and won't be an issue as they move forward.

More News

Grid
List
HILLSBORO (AP) — A citation has been issued for a suspect who shot and skinned a black bear in eastern... More >>
1 minute ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 1:45:31 PM CDT in News
COLUMBIA (AP) — The University of Missouri has received a $2 million grant to study cattle genetics. The Columbia... More >>
34 minutes ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 1:12:18 PM CDT in News
ST. LOUIS (AP) — Parents, students and graduates of a St. Louis-area school district are making the case for shedding... More >>
1 hour ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 12:06:23 PM CDT in Continuous News
JEFFERSON CITY — Jefferson City police said a man was arrested Friday after punching an officer and running away. ... More >>
1 hour ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 11:47:00 AM CDT in News
JEFFERSON CITY (AP) — The Missouri Ethics Commission will investigate whether state Sen. Kurt Schaefer pressured the University of Missouri... More >>
2 hours ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 11:06:00 AM CDT in Continuous News
CLAYTON (AP) — A St. Louis County judge has ruled that the county cannot require police departments in 57 cities... More >>
2 hours ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 10:58:57 AM CDT in News
COLUMBIA — The Columbia Fire Department staged an animal rescue late Thursday night after a therapy dog was found trapped... More >>
2 hours ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 10:49:00 AM CDT in News
CENTRALIA — Centralia police wrapped up a two-week investigation Friday in which 10 people were arrested on drug-related charges. ... More >>
3 hours ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 10:22:00 AM CDT in News
CAPE GIRARDEAU (AP) — Southeast Missouri State University's new president says colleges and universities need to remove obstacles in the... More >>
4 hours ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 9:19:47 AM CDT in News
CLAYTON (AP) — A 25-year-old man is dead and a 14-year-old boy injured after a shooting in north St. Louis... More >>
4 hours ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 9:14:48 AM CDT in News
ST. LOUIS (AP) — A person suspected of robbing a St. Louis County bank has been arrested after leading police... More >>
12 hours ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 1:15:06 AM CDT in News
COLUMBIA - More than 180 local businesses are making contributions to public school students in Columbia, from teaching classes to... More >>
12 hours ago May 06, 2016 May 6, 2016 Friday, May 06 2016 Friday, May 06, 2016 1:08:00 AM CDT in News
JEFFERSON CITY - For years, the Missouri Department of Transportation has said it doesn't have enough money. Now, the department... More >>
16 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 9:32:00 PM CDT in News
MEXICO - Officials arrested two people Thursday after finding methamphetamine, marijuana and drug paraphernalia while searching a Mexico home. ... More >>
18 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 7:11:00 PM CDT in Sports
COLUMBIA – Columbia sewers are getting an upgrade in May as the utilities department finalizes the design plans for the... More >>
18 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 6:59:00 PM CDT in News
JEFFERSON CITY (AP) — The Missouri House has passed a bill with a number of provisions aimed at expanding access... More >>
18 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 6:48:00 PM CDT in News
JEFFERSON CITY (AP) — A measure aimed at helping ride-hailing companies such as Uber and Lyft expand in Missouri... More >>
20 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 5:20:33 PM CDT in News
HAMILTON (AP) — A grain-handling operation is being planned in Caldwell County. The project is a joint venture... More >>
20 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 5:09:00 PM CDT in News
Columbia, MO
Broken Clouds 75°
2pm 79°
3pm 80°
4pm 80°
5pm 80°

Select a station to view its upcoming schedule:

Coming Up Next

1:00p
Days of Our Lives
2:00p
The Meredith Vieira Show
3:00p
The Dr. Oz Show
1:00p
Maury
2:00p
Rules of Engagement
2:30p
Rules of Engagement

Tonight's Schedule

7:00p
Adele Live in New York City
8:30p
Dateline NBC
7:00p
The Vampire Diaries
8:00p
The Originals
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld