### Determine how much money would be saved per year

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##### Reference no: EM131033126

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.

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