Lesson in Economics - Econ 101 - Page 2 700,000 Old Clunkers He says: A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year. A new vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons of gas a year. So, the average Cash for Clunkers transaction reduced gasoline consumption by 320 gallons per year. ⇦ Back to Page 1 Return to Inspiration On to Page 3 ⇨ |