U.S. Breaks Fuel Economy Record image

A recent report shows that for the first time average fuel economy for light trucks and cars bought in March in the U.S. topped 24 miles par gallon.

The University of Michigan Transportation Research Institute said that average fuel economy of cars, light trucks, minivans and SUVs purchased in March was 24.1 mpg, up from 23.9 in February, 23.6 in January and up 20% compared to October 2007, the first month of monitoring by U-M researchers.
Higher gas prices, which topped $4 a gallon earlier this month in several parts of the U.S., determine Americans to buy more fuel-efficient vehicles. According to AAA, the nationwide price on Tuesday, April 10th, was $3.92 a gallon.

GM recently declared that they sold in March about 100,000 units of its 12 models getting 30 mpg or better on the highway.

“Three years ago, about 16 percent of the vehicles GM sold achieved at least 30 mpg on the highway,” said GM North America President Mark Reuss. “Today, that number is about 40 percent.”

A proposal was recently signed by 13 automakers, which plan to nearly double fuel standards to 54.5 mpg by 2025, costing the industry $157.3 billion, but saving consumers a projected $1.7 trillion at the pump in the near future, according to the Obama administration. The rules are to be finalized later this year.