14 September 2009

Cash for Clunkers

I didn’t check the math on this, so it’s possibly overstated. But you can see where they are going with it.
A vehicle at 15 mpg and 12,000 miles per year 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 clunker 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 ¼ of one day’s US consumption.And, 5 million barrels of oil costs about $350 million dollars at $75/bbl.So, we all contributed to spending $3 billion to save $350 million.How good a deal was that???

But, the government will probably do a great job with healthcare!!OR WILL IT?

1 comment:

Jess said...

You left out the thousands of cars and trucks that will be crushed, processed and shipped. Unless someone has figured out how to do this with herds of goats, I'm thinkin the fuel savings is substantially less.