BMW, Nissan wire-up for hot-charge net

Nissan and BMW have teamed up to provide a nationwide network of high-speed recharge stations for their electric and hybrid vehicles. Now things are moving...!

SA's new road rules: What YOU say...

'Cutting speed limits won't stop crashes. Cutting bad driving will.' It's just one of dozens of readers' replies to proposed SA road rules.

Obama pledges to cut fuel bills

2012-03-05 08:55

FOCUS ON CUTTING FUEL BILLS: US president Barack Obama hopes to decrease overall fuel consumption by 2025 though his critics believe he is merely "showboating" ahead of the US 2012 elections.


WASHINGTON -  US president Barack Obama says lower fuel consumption and better cars built by a resurgent US vehicle industry will reduce bills at the fuel pumps, a counterpoint to Republican criticism of his energy policy.

In his weekly radio and online address Obama said Detroit automakers were on track to build cars that would average nearly 23km/litre by 2025, doubling current standards.

Obama said: "That means folks will be able to fill up every two weeks instead of every week. That's a big deal, especially as families are yet again feeling the pinch from rising fuel prices."

Obama has been eager to appear aggressive in the face of rising fuel prices even as he reminds audiences that there is no simple, immediate solution that will reverse the current spike in prices.

Obama said: "What's happening in Detroit will make a difference but it won't solve everything. There's no silver bullet for avoiding spikes in fuel prices every year."


By drawing attention to the vehicle industry, Obama looked to highlight both his efforts to improve fuel efficiency as well as his role in helping General Motors and Chrysler. He also reiterated his call to end oil and fuel company tax breaks and government subsidies that average about R30-billion a year.

Rising oil prices have become a concern at the White House, where Obama aides worry they could hurt an economic recovery that has been improving and also harm the president's re-election prospects.

Oil prices rise each year but they have spiked since January 2012 due to increased tensions over Iran's nuclear programme. In the US, fuel prices reached R7.30/litre on March 2, a record at this point in the calendar but still shy of the high point of R8.30/litre in July 2008.

Republican Richard Hastings said a meeting with Obama and leaders from both parties "provided a glimmer of new hope that the president and the democratic-controlled Senate may finally act on some bipartisan energy bills".

Hastings, chairman of the house natural resources committee, faulted Obama for not doing more to increase domestic oil and fuel production, for opposing drilling in the Arctic wildlife refuge, for blocking a Canada-to-Texas oil pipeline and for imposing regulations on energy producers.

Hastings said: "The president, who campaigned on a promise to address rising fuel prices, now talks as if they're largely beyond his control."


Read Wheels24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Inside Wheels24

Renault: 50 years of ‘voiture a vivre’

Renault effectively moved the goal posts when they unveiled the 'Renault 16' in 1975, 50 years on and the hallmarks still ring true for their current models.

There are new stories on the homepage. Click here to see them.