12:41pm

Wed October 5, 2011
Business

Study Says Coloradans Would Save Money with New Fuel Standards

Colorado is listed among the top twenty states that could have the greatest consumer cost savings under new fuel standards announced this summer by President Barack Obama. That’s according to a new report released on Wednesday by the Natural Resources Defense Council and the Union of Concerned Scientists.

Brendan Bell is the Senior Washington Representative for UCS. He says $44.3 billion would be saved nationally with a 54.5 MPG standard by 2025.

“This agreement has broad support from the auto industry, the united auto workers, clean car states and a range of consumer and national security, business and environmental organizations. Basically, if you fall anywhere on the political spectrum between General Motors and the Sierra Club – you think that these standards make sense.”

In Colorado the annual cost savings at the pump are estimated at $370.00 per household. But Congressman Darrel Issa (R-CA) – who chairs the House oversight committee – says the new standards would not be good for the economy or consumers. He’s called for a hearing on the topic next week. As a result the President’s fuel standards that were set to take effect this month probably won’t be adopted until November.