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Markey was co-author of the law that mandated higher fuel economy standards.
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Meanwhile, Obama is moving ahead with higher fuel efficiency requirements for vehicles.
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Traders predicted the extended financial support would translate into higher fuel demand.
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European airlines are struggling with higher fuel expenses amid record oil prices.
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Low rolling resistance leads to higher fuel efficiency and lower CO2 emissions.
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Retailers have already been raising prices on expectations of higher fuel costs.
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Twenty-six percent reported dipping into cash reserves to pay higher fuel costs.
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Critics say climate legislation will lead to sharply higher fuel prices.
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They want higher fuel economy and lower emissions, all while delivering maximum performance.
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As a result, the pain of higher fuel prices is magnified.
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Executives pointed to higher fuel costs and inflation in emerging markets.
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That's meant higher fuel consumption and, in turn, larger fuel imports.
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Those increases, and higher fuel prices, are likely to subdue growth this quarter.
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It could mean higher fuel prices but we'll have to wait and see.
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Carriers are raising fares to try to cover higher fuel costs.
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Though higher fuel prices will be unpopular, the handout boosts the trade deficit.
