Got his from a blog at http://freerepublic.com/focus/f-news/2331218/posts

Hard to argue with the math:



"Here's some math from your stories that the average clunker got 15 mpg and
the average replacement gets 25. ·

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, an average clunker transaction reduces U.S. gasoline consumption by 320
gallons per year. ·

The total is about 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 U.S. 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???"

And that doesn't take into account the loss of revenue for the aftermarket
parts and repair industry that just lost those potential 700,000 vehicles to
the junkyard. Nor the energy savings of recycling those parts through the
re-manufacturing industry