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President Obama Established New Fuel Standards Today

“These fuel standards represent the single most important step we’ve ever taken to reduce our dependence on foreign oil... It’ll strengthen our nation’s energy security, it’s good for middle class families and it will create an economy built to last.”

-President Obama, August 28, 2012

Today, President Obama finalized groundbreaking standards that will increase our fuel economy, resulting in vehicles that use less gas, travel farther, and provide more efficiency for consumers—while simultaneously protecting the air we breathe. This action reflects the Obama Administration’s continued focus on ensuring that we reduce reliance on foreign resources, including oil, and creating jobs by responsibly developing America’s natural resources.

These historic fuel economy standards will nearly double auto mileage by 2025, to 54.5 miles per gallon of gas, building on previous standards set by this Administration (1). The standards will reduce greenhouse gas emissions and save consumers more than $1.7 trillion at the pump, with an average fuel savings of more than $8,000 by 2025 over the lifetime of a vehicle. For families purchasing a vehicle built to 2025 specifications, the net savings will be comparable to lowering the price of gasoline by approximately $1 per gallon. Additionally, these programs will dramatically reduce our reliance on foreign oil by 12 billion barrels and reduce U.S. oil consumption by more than 2 million barrels a day by 2025 – as much as half of the oil we import from OPEC each day.

Nevada leads the nation in developing renewable energy and investing in fuel efficiency, and today’s announcement will further support our state’s advancements in clean and renewable energy. According to multiple independent reports, the finalized fuel economy standards—supported by the leaders of 13 major auto companies—could create nearly 500,000 new jobs throughout the United States by 2030. That will create additional manufacturing jobs here at home. These standards reflect the type of smart thinking we as Nevadans need to continue creating jobs and strengthening our economy.

Sadly, Mitt Romney has consistently opposed higher mileage standards. In 2008, he claimed fuel economy standards have “hurt domestic automakers” and would “kill” the industry. Now, he says he would revisit fuel efficiency standards for 2050, saying they are “not the right approach.” Romney has also proposed turning federal lands like Alaska’s Arctic National Wildlife Refuge over to the states, relaxing environmental protections, and encouraging offshore drilling without safety precautions.

These proposals will not support Nevada. They will not protect our country. The fuel economy standards established by President Obama will save more than four times the amount of oil Romney proposes in his plan. Nevada, and America, cannot afford Mitt Romney’s energy plans.

(1) Previous standards raised average fuel efficiency by 2016 to 35.5 mpg.

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