By David Fessler New energy efficiency standards have been passed by every president since Ronald Reagan. These standards have been responsible for saving Americans almost $2 trillion.
In 1987, President Reagan signed the first energy conservation standards bill. It covered 12 different classes of major home appliances.
These included refrigerators, stoves, heat pumps and air conditioners. All had to meet tighter energy use standards.
Supporters of the bill talked about the savings. Others said appliance costs would skyrocket.
But appliance prices haven’t gone up as a result of new standards. It’s just the opposite.
Data from the U.S. Bureau of Labor Statistics shows that prices were 22.52% lower …read more
