GAS PRICES FACT: President Obama Has Taken Huge Steps to Reduce Our Dependence on Oil | In addition to overseeing a dramatic increase in domestic energy production (including from renewable sources), the president has also taken steps to reduce the amount of oil we consume. Most notably, new modern standards requiring cars and light-duty trucks to achieve an average fuel economy rating of 54.5 miles per gallon by 2025 will cut U.S. oil use by 2.2 million barrels of oil per day by 2025 — a move that will save consumers $1.7 trillion and also cut greenhouse gas pollution by 6 billion metric tons. The 54.5 MPG standard by 2025 builds on an earlier Obama administration policy to increase fuel efficiency to 35.5 MPG by 2016, a one-third improvement to fuel economy standards that had previously languished in neutral for more than 20 years. Even as gas prices are rising, Americans’ cars are becoming significantly more efficient.
This fact was first featured in the ThinkProgress Progress Report: “Five Facts About Gas Prices.”