Over 84 percent of Americans are concerned about oil import dependency, with more than half (52%) expressing great concern. When asked why, large majorities expressed concern about future gas prices and supplies (93%), future reliability of gas and heating oil supplies (88%), funding terrorism (86%) and funding unfriendly foreign governments (82%).
At the same time, most Americans greatly overestimate the nation's domestic oil reserves and ability to substantially increase production. More than half (55%) of Americans mistakenly believe the nation holds more than twenty percent of the world's oil reserves. In fact the U.S. has less than 3% of this oil. Those who overestimate domestic oil reserves are also most likely to think, "We can produce enough oil to reduce our dependence on oil imports."
As well as supporting increases in CAFE, Americans can reduce the nation's dependence on oil imports by taking ten fuel-saving actions. Two of the most effective actions, which don't involve changes in driving, are replacing dirty air filters and making sure tires are aligned. Drivers with dirty filters and poor alignment who take these two steps can reduce their gas consumption by nearly 20%, effectively reducing the price of gas by over $.50 per gallon. Today CFA is releasing 10 simple tips that will save the typical household over $300 a year in gasoline costs.