Department of Transportation Secretary Pete Buttigieg is having a really bad week of interviews.
Buttigieg was recently asked about White House adviser Jared Bernstein giving Joe Biden credit for the slight decrease in gasoline prices.
When Buttigieg tried to pat the administration on the back, he got a question he was not expecting.
You Spilled It
CNBC’s Becky Quick asked Buttigieg, “There have been White House representatives out this week kind of taking a victory lap saying prices are down at the pump, that is surely the case but I just wonder how concerned you should be about taking a victory lap yet.
“Most Wall Street analysts are anticipating that we will see higher energy prices, in fact, oil prices, above $100 a barrel at this point … if prices go back up, do you then have to take blame for the higher prices if you take a victory lap now?”
Buttigieg responded, “Look, no one’s out here saying ‘mission accomplished,’ we just want to make sure it’s understood that the measures the president and the administration have taken to help to reduce the price of oil seem to be having an effect.
“We all know that no administration, no policy maker, no president directly controls the price of gas or the price of oil but there have been a number of measures we think are helping.”
In reality, people are using less gasoline now out of fear of a shrinking supply.
The numbers at the pump prove that.
Biden’s actions have only had the impact of increasing the price; it is the fact that people are either not willing to pay $5 per gallon or are simply finding other ways to get around that is allowing supply to catch back up to demand.
Source: Daily Caller