onfire
Silver Member
- #1
Thread Owner
The person who calculated this bit of information is now and has been a professor at West Virginia University in Morgantown , West Virginia for the last forty years.
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 of gas a year.
So, the average Cash for Clunkers transaction reduced gasoline consumption by 320 gallons per year
.
The government claims 700,000 clunkers have been replaced 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, 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 million....
We spent $8.57 for every $1.00 we saved.
I'm pretty sure they will do a better job with our health care, though.
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 of gas a year.
So, the average Cash for Clunkers transaction reduced gasoline consumption by 320 gallons per year
.
The government claims 700,000 clunkers have been replaced 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, 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 million....
We spent $8.57 for every $1.00 we saved.
I'm pretty sure they will do a better job with our health care, though.