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    Higher fuel economy standard will cost consumers


    Higher fuel economy standards mean cars use less gasoline, and save consumers money

    When the Obama administration introduced a stricter fuel economy standard in 2011, critics pointed to a study by the Center for Automotive Research (CAR) that claimed the new standard could add $9,000 to a car’s price.

    But a report by the Consumer Federation of America says the CAR study "overestimates the cost of increasing fuel economy standards" and "vastly underestimates the value of fuel savings" by, among other flaws, using a discount rate "rejected by the courts and all regulatory agencies." The report goes on to say that the "actual fuel savings are worth about three times as much as CAR concluded" and that a 56 mpg standard would result in "consumer savings in excess of $6,000 per vehicle."