Leaders from the independent auto aftermarket were among the most vocal against the cash for clunkers program, and they continue to be so, after the fact. As Carquest's Pete Kornafel, chairman of the GASS scholarship writes:
Here's some math from your stories ballyhooing the fact that the fact that the average clunker got 15 mpg and the average replacement gets 25 mpg...
The vehicle at 15 mpg and 12,000 per year uses 800 gallons of gasoline a year.
The vehicle at 25 mpg and 12,000 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. Five million barrels of oil is about 1/4 of one day's U.S. consumption. And, five million barrels of oil costs about $350 million dollars at $75/bbl.
So, we all contributed $3 billion in new taxes to save $350 million. How good a deal was that?
And now, the same people that gave us Cash for Clunkers, want to fix our health care.
No wonder they don't want to participate in it!!
Here's some math from your stories ballyhooing the fact that the fact that the average clunker got 15 mpg and the average replacement gets 25 mpg...
The vehicle at 15 mpg and 12,000 per year uses 800 gallons of gasoline a year.
The vehicle at 25 mpg and 12,000 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. Five million barrels of oil is about 1/4 of one day's U.S. consumption. And, five million barrels of oil costs about $350 million dollars at $75/bbl.
So, we all contributed $3 billion in new taxes to save $350 million. How good a deal was that?
And now, the same people that gave us Cash for Clunkers, want to fix our health care.
No wonder they don't want to participate in it!!
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