PNS Daily Newscast - July 23, 2019 

A bipartisan deal reached to avert U.S. government default. Also on our Tuesday rundown: a new report calculates the high hospital costs for employers. Plus, new legislation could help protect Florida's at-risk wildlife.

Daily Newscasts

Oil and Gas Co. Profits “Punch” TN Drivers in the Pocketbook

November 2, 2007

Nashville, TN – How much are you willing to pay at the gas pump? Recent record price and profit statistics for oil companies have some Tennesseans demanding a break. They're asking Congress to pass a bill that would increase fuel efficiency standards, requiring newly manufactured cars and trucks to run farther on a gallon of gas.

Terry Quillen, of the National Environmental Trust in Tennessee says boosting the standard to 35 miles per gallon would save the average family about $700 a year.

"We all know as we put together our personal budgets, we're beginning to feel it. There is a solution: give us better gas mileage."

The auto industry is against raising the standards to the 35-mile-per-gallon proposal, saying it would require manufacturing changes that could compromise safety. But Phyllis Cuttino, director of the Pew Campaign for Fuel Efficiency, says it's the simplest, and most important, part of an overall strategy that also encompasses the use of biofuels and hybrid cars.

"Raising the miles per gallon is really the most efficient method of saving oil, which can, of course, reduce the amount of money that we ship overseas, and save consumers money."

This week, oil prices topped $96 a barrel, and Exxon Mobil reported third-quarter profits of more than $9 billion.

Deborah Smith/Chris Thomas, Public News Service - TN