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Dayton Business Journal...
Report names
Top 20 states for gas price savings
by DBJ Staff
Monday, April 23, 2012
Ohio is one of the top states for gas price savings expected from new
fuel-efficiency standards President Barack Obama has ordered to be
implemented, according to a report this past week by the Natural
Resources Defense Council.
The 54.5 mpg by 2025 standard, set to be finalized in August, will
double today’s average level of fuel efficiency, according to NRDC.
That is projected to save individual drivers $4,400 over the life of
the vehicle, after considering the cost of the fuel saving technologies.
Drivers will save $68 billion in fuel costs when the new fuel standards
are fully implemented by 2030, according to the report.
Texas leads all states in total savings at $7.75 billion, while Ohio
ranks 12th with $1.664 billion in projected savings, according to the
report.
In July of last year, a dozen of the world’s largest automakers,
including Ford, General Motors and Toyota, agreed to pursue an effort
to increase fuel-economy standards to 54.5 miles per gallon for 2025
model-year cars and light-duty trucks. The agreement built on standards
already in place to raise fuel efficiency to 35.5 mpg for model years
2012-16 and will increase standards starting with 2017-model vehicles.
But consumers don’t have to wait to drive a car that won’t guzzle gas
at a rapid rate.
The NRDC analysis (available here) found there are 57 fuel-efficient
models available in showrooms today, rising from 27 models in 2009.
Automakers have introduced a slew of new fuel-saving features in some
of the more popular, conventional gas-powered cars as a result of the
35.5 mpg standard.
“Drivers today have twice the fuel-efficient car options than just
three years ago. The technology -- and fuel savings -- are only going
to improve thanks to even stronger efficiency standards,” said Luke
Tonachel, senior vehicles analyst at the Natural Resources Defense
Council. “As consumers look to trade in older cars over time, they will
have the latest in fuel saving technology available to them, putting
money back in their pockets.”
As the auto industry is changing, it is offering many Dayton-area
companies an opportunity to gain work as suppliers to the big
automakers, many of which have operations in the Dayton region, which
still has 100,000 jobs in manufacturing locally.
Dayton also is home to the headquarters of Speedway LLC, which in Enon
in Clark County.
Speedway operates 1,400 stores in seven states and had 18,000 employees
and $6.5 billion in revenue for the first half of 2011. It is owned by
oil giant Marathon.
Read this and other articles at the Dayton Business Journal
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