Members of the U.S. congress may face pressure from voters as they head home for the Thanksgiving break to pass new legislation to improve vehicle fuel efficiency as pump prices look to approach record levels once again.
Supporters of the legislation say that in addition to the environmental benefits, increasing efficiency levels will help push down prices by cutting U.S. demand.
Critics charge the bill could prove a drag on the U.S. economy. According to a study commissioned by the American Petroleum Institute from CRA International, the plans could cause a net loss of $1 trillion to U.S. economic output and reduce U.S. crude oil production by more than 6 percent by 2015.
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