Determine how much money would be saved per year

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The U.S. Department of Energy estimates that 190,000 barrels of oil would be saved per day if every household in the United States raised the thermostat setting in summer by 6°F (3.3°C). Assuming the average cooling season to be 120 days and the cost of oil to be $20/barrel, determine how much money would be saved per year.

Reference no: EM131033126

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