- Jun 22, 2003
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With ever increasing costs at the pump, the average American is left with an ever-decreasing amount of disposable income each month. It isn't just gasoline prices that are putting the breaks on us economically as the cost of diesel that our trucks use to transport goods to market drives up the costs of those goods. Either way, the rise of fuel prices is becoming a larger and larger political issue.
So far, a number of things have been implemented such as the raising of CAFE standards by 2015 or the various ethanol mandates. Some politicians have proposed things such as having a temporary "gas tax holiday" to help out the average person. However, the demand for oil has thus far proved pretty inelastic as people are tied to their vehicles for work, etc. There doesn't seem to be any end in sight in the near future.
Recently, I was reading this article about fuel economy and thought to myself about that not-so-fond memory of the national speed limit over a decade ago - 55mph. It is true that most vehicles today get their maximum gas mileage around or slightly above this speed, usually up to 65mph max. However, as any of you who have frequented the interstates within the past decade can probably recall, driving at these speeds just might get you run off the road. Many people nowadays with faster, more powerful vehicles drive at 80+mph on a consistent basis.
So, what do you guys think? Barring some drastic drop in the price at the pump, will we see such a move back to a national speed limit? or maybe on a state by state level? Should we even bother? How would you react to such a proposal?
So far, a number of things have been implemented such as the raising of CAFE standards by 2015 or the various ethanol mandates. Some politicians have proposed things such as having a temporary "gas tax holiday" to help out the average person. However, the demand for oil has thus far proved pretty inelastic as people are tied to their vehicles for work, etc. There doesn't seem to be any end in sight in the near future.
Recently, I was reading this article about fuel economy and thought to myself about that not-so-fond memory of the national speed limit over a decade ago - 55mph. It is true that most vehicles today get their maximum gas mileage around or slightly above this speed, usually up to 65mph max. However, as any of you who have frequented the interstates within the past decade can probably recall, driving at these speeds just might get you run off the road. Many people nowadays with faster, more powerful vehicles drive at 80+mph on a consistent basis.
So, what do you guys think? Barring some drastic drop in the price at the pump, will we see such a move back to a national speed limit? or maybe on a state by state level? Should we even bother? How would you react to such a proposal?
