uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year
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 / year. That equates
to a bit over 5 million barrels of oil.
5 million barrels of oil is about ?
of one day's US consumption.
And, 5 million barrels of oil
costs about $350 million dollars at $70/bbl.
So, we all contributed to spending
$3 billion to save $350 million.
How good a deal was that ???
They'll probably do a great job
with health care though!!
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