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Warner: New speed limit may save gas
 
Friday, Jul 04, 2008 - 12:08 AM 
 
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THE ASSOCIATED PRESS

WASHINGTON -- Sen. John W. Warner suggested yesterday that Congress might want to consider reimposing a national speed limit to save gasoline and possibly ease fuel prices.

Warner, R-Va., asked Energy Secretary Samuel Bodman to look into what speed limit would provide optimum gasoline efficiency given current technology. He said he wants to know if the administration might support efforts in Congress to require a lower speed limit.

Congress in 1974 set a national 55 mph speed limit because of energy shortages caused by the Arab oil embargo. The speed limit was repealed in 1995 when crude oil dipped and gasoline cost $1.10 a gallon.

As motorists headed on trips for this Fourth of July weekend, gasoline averaged $4.10 a gallon nationwide with oil hovering around $145 a barrel.

Warner cited studies that showed the 55 mph speed limit saved 167,000 barrels of oil a day, or 2 percent of the country's highway fuel consumption, while avoiding up to 4,000 traffic deaths a year.

Warner asked the department to determine at what speeds vehicles would be most fuel efficient, how much fuel savings would be achieved, and whether it would be reasonable to assume there would be a reduction in prices at the pump if the speed limit were lowered.

Energy Department spokeswoman Angela Hill said the department will review Warner's letter but added, "If Congress is serious about addressing gasoline prices, they must take action on expanding domestic oil and natural gas production."

 
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