The auto industry is finally getting traction on its quest to make 95 octane gasoline the new regular in the United States.

In testimony Friday before the House Energy and Commerce Committee's environment subcommittee, Dan Nicholson, General Motors' vice president of global propulsion systems, said making 95 octane the new regular aligns the U.S. with Europe and is one of the most affordable ways to boost fuel economy and lower greenhouse gas emissions.

GM, Ford Motor Co. and Fiat Chrysler Automobiles, working with the United States Council for Automotive Research, are seeking just one grade of fuel: 95. That would eliminate today's grades, generally 87 octane for regular, 88-90 for midgrade and 91-94 for premium. Even though premium gasoline costs about 50 cents more per gallon than regular, Nicholson says moving to 95 octane would cost consumers far less.

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