During a speech two weeks ago at the Daimler Truck manufacturing plant in Mount Holly, N.C., President Obama bantered with an audience member over his administration’s proposed Corporate Average Fuel Economy (CAFE) standards:
President Obama: Now, because of these new standards for cars and trucks, they’re . . . all going to be able to go farther and use less fuel every year. And that means pretty soon you’ll be able to fill up your car every two weeks instead of every week — and, over time, that saves you, a typical family, about $8,000 a year.
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