President Obama has upped emission standards and miles-per-gallon standards so that domestic cars will have to average a minimum of 30 MPGs by 2016. According to the numbers by the White House, a vehicle would cost the average consumer about $1,300 extra when they buy it. However, that same vehicle would result in $2,800 worth of fuel savings over the life of the vehicle. In addition, economists claim that the fuel savings would be the equivalent of removing 177 million vehicles from the road. They claim this will leave more capital in the United States for investment and savings along with a net increase in production that becomes a reality when the same amount of work is done by a decreasing amount of resources like gasoline. Furthermore, it is estimated that the United States could save enough oil to avoid importing oil from countries whose govt or people are hostile to it like Saudi Arabia, Venezuela, etc.
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