Unbiased AI-powered news
A University of Minnesota study of 120 million trips found that obeying posted limits on highways would cut fuel use and emissions sharply while adding only 54 seconds to average daily driving. The analysis adjusted 2021 data for current gas prices above $4 per gallon.
fortune.comA study published Thursday found that U.S. drivers could save 7.2 million gallons of fuel and $26 million each day by adhering to speed limits on major roads. University of Minnesota researchers examined 120 million vehicle trips from four Wednesdays in 2021 on roads with speed limits of 45 mph and higher.
More than 43 percent of trips involved at least one instance of speeding, with drivers exceeding limits nearly 12 percent of the time. If light-duty internal combustion engine vehicles followed posted speeds, daily savings would include 57,000 metric tonnes of carbon dioxide emissions, equivalent to removing 5.5 million passenger vehicles from roads.
The analysis showed an average daily driving distance of 28.6 miles would add only 54 seconds when staying at or below limits.
William Northrop, a mechanical engineering professor at the University of Minnesota and study co-author, said: “If your goal is to shave one minute off your time, then you’ve got to drive fast. ” The research also indicated benefits for battery-electric vehicles based on California modeling.
State variations included high speeding in Nevada, Florida, Georgia and North Carolina, while Montana, Wyoming, Idaho and South Dakota showed low prevalence and excess.
Adjusted for 2026 gas prices and vehicle miles traveled, the savings figures rose from the original 2021 estimates of $22 million and 6.7 million gallons. Rob Middleton, associate research scientist at the University of Michigan, called the study well-done but noted the savings represent a small fraction of the 375 million gallons consumed daily in the U.S. drivers face gas prices above $4 per gallon due to the war in Iran.
Single source — no framing comparison available.
The average 30-year fixed mortgage rate increased to 6.55 percent this week from 6.49 percent last week, Freddie Mac reported Thursday. The 15-year rate also rose, while the 10-year Treasury yield reached 4.57 percent.
coindesk.comVisa introduced the Visa Stablecoin Platform to let banks, fintechs and crypto firms mint, move and manage stablecoins inside a Visa-managed environment. The product expands the company's crypto services as institutions prepare for wider adoption.
bloombergquint.comThe trade pact eliminated UK tariffs on Indian jewellery. Indian indices fell while US markets rose on bank earnings. TSMC expanded its Arizona investment.