ANALYSIS-Clunker scheme a tiny boost for US fuel efficiency

Newswire

* Clunker program may cut 0.05 pct of U.S. gasoline demand * Program seen part of broader U.S. fuel efficiency push By Richard Valdmanis NEW YORK, July 31 (Reuters) - The Obama administration's popular "cash for clunkers" program may be a boon for the ailing U.S. auto industry, but it will do little on its own to reduce fuel consumption in the world's biggest energy user. The White House said Friday it is working with lawmakers to extend the program, which pays Americans up to $4,500 ...

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