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GAO-09-153R 1 (2008-11-07)

handle is hein.gao/gaobaankw0001 and id is 1 raw text is: 


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!=Accountability * Integrity * Reliability
United States Government Accountability Office
Washington, DC 20548


          November 7, 2008

          The Honorable John Warner
          Ranking Member
          Subcommittee on Private Sector and Consumer
            Solutions to Global Warming and Wildlife Protection
          Committee on Environment and Public Works
          United States Senate

          Subject: Energy Efficiency: Potential Fuel Savings Generated by a National Speed

          Limit Would Be Influenced by Many Other Factors

          Dear Senator Warner:

          Gasoline prices are volatile and have increased greatly over the last several years,
          before dropping again recently. The national average of regular grade retail gasoline
          prices increased from about $2.24 the week of January 2, 2006, to a peak of $4.11 the
          week of July 14, 2008, an increase of almost 84 percent, before dropping to about
          $2.40 the week of November 3, 2008 (see fig. 1).

          Figure 1: Weekly U.S. Retail Gasoline Prices, Regular Grade, January 2006 through November 2008
          Dollars per gallon
          450
          400
          350
          300
          250
          200
          150
          100
          50
          0
                     ___________t                    40~#                t~O~ s '      ~
            2006                        2007                        2008
            Date
                                      Source: Energy Informatlion Administration.
          Note: Prices are in nominal terms and not adjusted for inflation.


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GAO-09-153R - Energy Efficiency

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