LOUISVILLE, Ky. (WHAS11) - - If you are looking for better fuel efficiency the near future looks very bright, but the cars that get that better mileage are going to cost us more.
We're talking about cars getting on average 54 miles per gallon. Its fuel efficiency that will save drivers thousands of dollars each year. They're going to need those thousands because cars are going to cost a lot more.
The Obama administration on Tuesday finalized new fuel economy rules that will double today's standard for cars and light trucks within 12 years. Those standards will grow from 28.6 miles per gallon to 54.5 miles by the year 2025. To meet the standards, automakers must introduce new technology to improve gasoline-powered engines
They'll also need to sell more alternative fuel vehicles. Critics object to the inevitable higher vehicle costs and argue safety will suffer. They also say these standards will lead to reduced choices for drivers who want large vehicles. But one all-American benefit is that the standards would cut America's oil imports from open in half.
With Labor Day weekend coming up gas prices locally are already over $4 a gallon at many stations and with the impact of hurricane Isaac still being felt those prices won't come down any time soon.