OIL PRICES MAY FORCE ADMINISTRATION TO STRENGTHEN FUEL ECONOMY PLAN

September 22, 2005
The high cost of oil may force the Bush administration to set stricter corporate average fuel economy (CAFE) standards for light trucks than outlined in its proposal released last month, because the administration's cost-benefit test that helped determine the mile-per-gallon (mpg) standard assumes fuel prices significantly lower than current levels, according to industry, environmentalists and other sources. A recent assessment by Resources For the Future (RFF), an environmental think tank, suggests the National Highway Traffic Safety Administration (NHTSA) may need...


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