President Obama recently gave a speech at a Daimler owned Freightliner truck plant in North Carolina speaking of CAFE standards on automobile mileage. (Corporate Average Fuel Economy)
In the speech, the President gave an example of Americans going to the pumps every two weeks instead of every week. He stated that with the new standards on vehicle mileage, Americans could save $8,000.00 per year on gas. Now, who would not want to have eight grand extra every year…?
However, if you do the math, you figure that going to the pump every two weeks instead of every week cuts your fuel consumption by half. If we are to save $8,000.00 per year that means we are currently spending $16,000.00 per year. (more…)