The 'Wisdom' Of The Clunker Program

The 'Wisdom' Of The Clunker Program...
From A Friend
9-12-9

A bored statistician has been busy again... A vehicle at getting 15 mpg and doing 12,000 miles per year uses 800 gallons a year of gasoline. A vehicle at getting 25 mpg and doing 12,000 miles per year uses 480 gallons a year. So, getting rid of each average clunker will reduce US gasoline consumption by 320 gallons per clunker per year. They claim 700,000 vehicles were taken in during the clunker program - so that's 224 million gallons per year saved. That equates to a bit over 5 million barrels of oil. 5 million barrels of oil is about 1/4 of one day's US consumption. And, 5 million barrels of oil costs about $350 million dollars at $75 a barrel. So, we all contributed to the spending of $3 billion dollars...to save $350 million.