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The report finds that achieving a 35 mpg fleetwide average by 2018 would create 241,000 net new jobs in the U.S. by 2020, save consumers $37 billion in net costs, and reduce national oil use by 1.6 million barrels per day. Environmental benefits include a reduction of 260 to 264 million metric tons of carbon dioxide-equivalent emissions by 2020. Job growth is projected across most sectors, particularly services and retail, while the oil industry would see a decline. California is projected to experience the highest job growth and consumer savings.