Senator John Warner: Reduce Speed Limits To Save Gas
It’s the 1970’s all over again!
WASHINGTON (AP) — An influential Republican senator suggested Thursday that Congress might want to consider reimposing a national speed limit to save gasoline and possibly ease fuel prices.
Sen. John 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 The speed limit was repealed in 1995 when crude oil dipped to $17 a barrel and gasoline cost $1.10 a gallon.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.
It seems to me that rising fuel prices are going to do a lot more to conserve gasoline nationally than lowered speed limits. And what happens if lowering the speed limit does conserve gas? Demand for gas goes down, then prices go down, then people start to drive more than they would have before, demand goes back up and then finally prices go back up.
Meaning the whole “lower the speed limits” thing is futile in terms of saving gas.
Leave speed limits at levels appropriate for public safety and let the free market handle gas supply and prices.












