I got this in my email. I didn't do a fact check but it seems about right to me.



Are we on the wrong page…?

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 "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 /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 $70/bbl.

So, we all contributed to spending $3 billion to save $350 million.


How good a deal was that ???


They'll probably do a great job with health care though!!