Texas Living!

Whadda ya think?  A 15 mpg clunker that travels 12,000 miles a year uses 800 gallons of gas a year. A 25 mpg vehicle that travels 12,000 miles a 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 clunkers were turned-in, 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 they will do a great job with our health care, though!