The Obama Administration has announced new fuel efficiency standards that will boost mileage and cut emissions. Announced today, the new standards call for a 35.5 miles-per-gallon average within six years, up nearly 10 mpg from now.

The requirements for the 2012-2016 model years pleased environmentalists as well as automakers.

Transportation Secretary Ray LaHood said, “Putting more fuel-efficient cars on the road isn’t just the right thing to do for our environment, it’s also a great way for Americans to save a lot of money at the pump.”

The government said that the rules will cost consumers an estimated $434 extra per vehicle in the 2012 model year and $926 per vehicle. However, the Transportation Department and Environmental Protection Agency said car owners would save more than $3,000 over the life of their vehicle via better gas mileage.