Obama to announce new fuel economy standards in Friday speech

President Obama will unveil his proposal to increase fuel economy standards in a Friday speech, the White House just announced.

According to reports, Obama wants to boost the average miles per gallon of the U.S. auto fleet to 56 by 2025. Last month, I wrote about how such standards would drive up costs and limit consumer choice, as well as lead to more fatal auto accidents.

Obama will deliver the speech at the Washington Convention Center. 

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