New MPG Mandates on Cars Will Raise Prices, But We’ll Save on Gas

by Mac Slavo | Apr 1, 2010 | Headline News

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    According to the Associated Press New mileage rules: Pay more for cars, less at pump:

    Drivers will have to pay more for cars and trucks, but they’ll save at the pump under tough new federal rules aimed at boosting mileage, cutting emissions and hastening the next generation of fuel-stingy hybrids and electric cars.

    The new standards, announced Thursday, call for a 35.5 miles-per-gallon average within six years, up nearly 10 mpg from now.

    By setting national standards for fuel efficiency and greenhouse gas emissions from tailpipes, the government hopes to squeeze out more miles per gallon whether you buy a tiny Smart fortwo micro car, a rugged Dodge Ram pickup truck or something in between.

    The rules will cost consumers an estimated $434 extra per vehicle in the 2012 model year and $926 per vehicle by 2016, the government said. But the heads of the Transportation Department and Environmental Protection Agency said car owners would save more than $3,000 over the lives of their vehicles through better gas mileage.

    With a depreciating dollar, less oil to be had because of increasing emerging market demand, and more government taxes on everything from grocery bags to soda pop, does anybody really believe they will save any money on gas?

    Not only will we pay more for cars, including the up and coming Value Added Tax, but we can expect higher gas prices. While we don’t have the computational power or modeling systems of the Transportation Department and EPA, we feel that our guess is as good as their’s. Even though we might be using a bit less gas, our guess is that we’ll pay more for cars AND gas.

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