July 4th Gas Prices and Fuel Efficiency

July 4th marks one of the biggest travel holidays of the year, with Americans hitting the road to visit friends and family, go to the beach, or have a picnic and watch fireworks.

If proposed fuel efficiency standards—which would require cars and light trucks to get 54.5 miles per gallon by 2025—were in place today, drivers would save at least $73.2 million this week.

Increasing fuel efficiency standards will not only save consumers money at the pump, but they also will reduce U.S. dependence on foreign oil, decrease pollution, and promote investment in new clean transportation technologies.