Upgraded fuel economy stnadards released in 2010 call for a 34.1 mile-per-gallon a verage for new cars adn light trucks in 2016. A politician opposing this increase claims it will save "only a drop in the bucket" compared with the 2010 fleet average of about 23 MPG. Formulate a counterargument showing the increase- once the entire fleet reaches 34.1 MPG- could signifigantly reduce the US gasoline consumption rate from its 2010 value of about 380 million gallons per day. State any additional assumptions you make.
Hello,
As per the information provided, earlier average mileage was 23 MPG while the upgraded standard mandated a mileage of 34.1 MPG. It is also mentioned that average consumption of gasoline earlier was 380 million gallons/day.
Therefore the total miles travelled by all vehicles in a day=23 miles/gallon * 380*106 gallons
==> 8740 * 106 miles
Let us assume the gas consumption after the entire fleet reaches 34.1 MPG is 'y' million gallons/day.
As total miles are 8740 * 106 assumed constant before and after the upgradation of fuel economy standards, it is equated to total miles given after upgradation,
34.1 miles/gallon * y*106 gallons = 8740*106
==> y=256.3 million gallons per day.
Therefore % decrease in consumption is (1-256.3/380) ==> 32.5% which is significant!
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