Clunker math

The person who calculated this bit of information went to high school in Pittsburgh , Pa. He is now & has been a professor at The University of West Virginia in Morgantown, West Virginia for the last forty some years. I never looked at the clunker program in such depth.

Clunker Math

Think of it this way: A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year. A vehicle that travels 12,000 miles a year at 25 mpg 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 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 we saved


I'm pretty sure the health care bill will not apply the same kind of math.

I wish I could find a deal like that for myself. I'm sure I could come up with $1,000.00 for an $8,570.00 return.

jaarch wrote:I wish I could find a deal like that for myself. I'm sure I could come up with $1,000.00 for an $8,570.00 return.

Check your math Joe. Other way around. Someone had a rectal / cranial inversion thing going on when they came up with this idea. (where's Larry, i'm thinkin we need an execution)

i don't think that program was put forth to save fuel for the gov , it was put forth to put alot of people to help save there jobs , including ford , so this wa a bail out to save some work , do the math on the banks and wall st bail outs and i wonder what that would come to ,