Inconsistencies And Uncertainties Over Trump Administration's Fuel Economy Freeze [Forbes]
Phillips 66 (PSX)
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Source: Forbes
Signage is displayed on fuel pumps at a Phillips 66 gas in Princeton, Illinois, U.S., on Tuesday, July 24, 2018. Phillips 66 is scheduled to release earnings figures on July 27. Photographer: Daniel Acker/Bloomberg The Trump administration’s recommendation Thursday that fuel economy standards for cars and light trucks be frozen after the 2020 model year has sparked the expected outrage from environmental groups and complicit silence from the industry, but it has also generated close scrutiny of a couple of its core assertions--effects to the economy and to safety. In advocating a halt to increasing fuel economy beyond the 2020 model year target of 41.7 miles per gallon for cars and 31.2 mpg for light trucks, the administration considers it a cost-cutting move for consumers It argues technology required to achieve higher standards would not only lead to higher vehicle prices but entice consumers to drive more to take advantage o
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- Phillips 66 (PSX) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
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