Last week in a speech at Daimler owned Freightliner truck plant, President Obama said that the new 55mpg CAFE standards will save a typical American family $8,000 a year on gasoline. That would be great news to most American drivers if it were true but the president took political science and law courses in college, not math. Or maybe his math isn't off.
A typical American family can't save $8,000 a year on gas because a typical family in American doesn't spend that much on gas a year in the first place. Using the president's math, the average car gets 55/2=27.5mpg. The average driver drives about 12,000 miles per year, which works out to 436 gallons @ 27.5 mpg. Even at $4/gallon, that's still only $1745/year. Cutting that hypothetical typical American driver's gasoline bill in half will save $872.72 a year, not $8,000. Reading over the transcript of the president's remarks it's possible the he simply misspoke. According to estimates, the new CAFE standards will save about $8,200 over the life of the vehicle, not in one year. Earlier in the speech Obama praised Freightliner's participation in the federal "SuperTruck" initiative, whose target is saving $15,000/year per large truck. A big over the road truck travels so many miles in a year that a significant improvement in fuel economy could save that much. A typical American family, though, doesn't drive their car 100,000 miles a year. So maybe the president confused savings per year with savings over the life of the vehicle and didn't just make a bad math error. On the other hand, there is one way that the president's math works out. His recent press conference remarks about rising gas prices not being good for him politically are true. However, the president is talking about the savings that will take place in "the middle of the next decade", meaning 2025, thirteen years hence, when he'll be long out of office and earning six figure honoraria for his speeches. An average family could indeed save $8,000 a year if gasoline rises to $37/gal by 2025. While I believe that the president's policies are aimed at making traditional energy more expensive in order to make alternative energy more financially viable, I sincerely doubt that even he would want a nine fold increase in the price of gasoline over the next decade. Ronnie Schreiber edits Cars In Depth, a realistic perspective on cars & car culture and the original 3D car site. If you found this post worthwhile, you can dig deeper at Cars In Depth. If the 3D thing freaks you out, don't worry, all the photo and video players in use at the site have mono options. Thanks for reading– RJS from The Truth About Cars http://www.thetruthaboutcars.com | |||
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Thursday, March 15, 2012
President Obama Says New CAFE Standards Will Save Average Driver $8,000 a Year.
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