It seems unlikely that petroleum prices will drop over the next decade, but car manufacturers appear unhappy with proposals that would dramatically change EPA fuel mileage standards. I wonder how many people would be clamoring for 20 or 25mpg cars if gasoline rose to $8 a gallon in 2011 dollars? Many Europeans already pay prices like that and the type of car used tends to be smaller and much more fuel efficient than in the US - about twice as efficient at this point.
The test loops in the UK are different from the US, but ballpark comparisons can be made - how about a VW Passat that delivers about 70 mpg on diesel?
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