The clunker program, just another government flop.
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 1/4 of one day's US consumption.
5 million barrels of oil costs about $350 million dollars @$75/bbl.
So, we all contributed to spending $3 billion to save $350 million ... How good of a deal was that ????
The Government Procurement Standard!
__________________
2005 Limited Turbo-Lite, auto in Cool Vanilla
|