gas a year.
*A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons
*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, 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 dollar saved.*
How good a deal was that?
They'll probably do a great job with health care though!!!

