I have to pass on this bit of ?clunker math? sent
tome by a subscriber:
?Think of it this way
- A clunker that travels 12,000miles a year at 15mpg
uses 800 gallons of gas a year. A vehicle
that travels
12,000miles a year
at 25mpg 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 year.
That equates to a
bit over 5 million barrels of oil. 5 million barrels is about
5 hours worth
of US consumption. More
importantly, 5million 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
million. We spent $8.57 for every
dollar saved. I?m
pretty sure they will do a great job with health care
though...?
Clyde