-----(I'm not sure about these Numbers but I wouldn't doubt it)
A clunker that travels 12,000 miles a year at 15 mpg uses 800
gallons of gas a year.
A vehicle that travels 12,000 miles a year at 25 mpg uses 480
gallons a year.
So, the average Cash for Clunkers transaction will reduce US
gasoline consumption by 320 gallons per year.
They claim 700,000 vehicles so that's 224 million gallons saved per
That equates to a bit over 5 million barrels of oil.
5 million barrels is about 5 hours worth of US consumption.
More importantly, 5 million barrels of oil at $70 per barrel costs
about $350 million dollars
So, the government paid $3 billion of our tax dollars to save $350
We spent $8.57 for every dollar saved.
How good a deal was that ???
They'll probably do a great job with health care though!!
2 years ago