Archives for month: December, 2014

Fuel Economy Targets Remain High, Despite Falling Gas Prices.

As of right now, in Detroit, there are few gas stations that have fallen to the wonderful number of $2-per-gallon mark, with the most expensive 87 octane coming in at around $2.20 – $2.30. The average cost of gas in motor city is just a measly $2.02 per gallon.

This is causing consumers, a group famous for their utter lack of foresight, to flock towards thirstier vehicles and shun fuel sippers, hybrids and EVs. While that is making lots of money for the manufacturers with a solid lineup of SUVs, crossovers and pickups, Ward’s Auto reports, it also means that more efficient offerings aren’t selling, and therefore, they aren’t going to have a major impact on CAFE targets. That fact is fueling concerns over the future fuel economy standards.

“We think [the midterm review] is a great opportunity to talk about the feasibility and the timeframe to meet those requirements,” Ford’s Mark Fields told Ward’s, which reports the company is on pace to hit 2025’s 54.5-mile-per-gallon target. “What I expect is we’ll have a very robust midterm review and be very data-driven around it.”

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