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Article: Energy Efficiency: Potential Fuel Savings Generated by a National Speed Limit Would Be Influenced by Many Other Factors.
- Article from:
- General Accounting Office Reports & Testimony
- Article date:
- December 1, 2008
CopyrightCOPYRIGHT 2008 Stonehenge International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GAO-09-153R November 7, 2008
Gasoline prices are volatile and have increased greatly over the last several years, before dropping again recently. The national average of regular grade retail gasoline prices increased from about $2.24 the week of January 2, 2006, to a peak of $4.11 the week of July 14, 2008, an increase of almost 84 percent, before dropping to about $2.40 the week of November 3, 2008. High fuel prices have focused attention on conservation. Congress previously used a national speed limit as an approach to conserve fuel when, in 1974, it provided for a national 55 mile per hour (mph) speed limit to reduce gasoline consumption in response to the ...