President Trump Shreds Hussein Obama Fuel Mileage Regulation

President Trump Shreds Hussein Obama Fuel Mileage Regulation

President Trump Shreds Hussein Obama Fuel Mileage Regulation

$UGA, $USO

The Environmental Protection Agency and National Highway Traffic Safety Administration jointly proposed  Thursday to cap fuel economy requirements at a fleet average of 37 mpg starting in Y 2020. Under the Hussein Obama plan, the fleet-wide fuel economy would have risen to 47 mpg by Y 2025.

The change could mean a 2 to 3% increase in daily fuel consumption.

The projected increase of about 500,000 BPD in fuel demand comes as US consumption is holding near record levels. The Energy Information Administration (EIA) forecast in its latest Annual Energy Outlook that demand would begin to decline after this year, shrinking more than 2.5-M BPS by Y 2040.

The average price of US retail regular gasoline is about $2.87/gal, near a 3-year high reached in May, according to data from the American Automobile Association (AAA). The 4-week average gasoline demand has remained above 9-M BPD since February.

A 60-day comment period will begin once the proposal is published in the Federal Register, and a final rule could be finalized by the end of Y 2018 or early next year.

Have a terrific weekend

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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