The new Corporate Average Fuel Economy(CAFE) standards were scheduled to be released at the end of this month, but yesterday President Obama announced that the new standards will be delayed until November. The new standards, which were agreed to in July by the White House and the automobile industry, would set the CAFE standard to 54.5 miles per gallon by model year 2025. The new rule was supposed to be released in a notice officially this Friday; however the rule is simply not completed according to administration officials. It is expected with the extra six weeks that the U.S. EPA, the National Highway Traffic Safety Administration(NHTSA) and the state of California will be able to complete the proposed rule and have it ready to be released in mid-November. There would then be a comment period on the proposed rule. The final rule would remain on schedule for a release in July 2012.