Ignorant Pete Buttigieg Doesn’t Understand How Gas Prices Work

BUCK: Here is Pete Buttigieg — whose qualifications for the role of transportation secretary involved running the city of South Bend, Indiana, poorly, from friends of mine who actually live in that city. Here he is saying that the real problem here is company executives, gas company, oil company executives refusing to produce more. Play 22.

BUTTIGIEG: So when the president took this action to release those barrels of oil from the strategic reserve, that is one of the things that’s going to help stabilize oil prices. Obviously, there’s no one piece, there’s no one dial that controls those prices. But that’s something that’s gonna make an impact. So are some of the other steps that have been taken. And, you know, frankly, a lot of this also is something where we’ve gotta look at:

The oil company executives who say they’re not gonna add supply or production right now and ask whether that’s really the right direction to go at a time like this. Can’t help but notice that when oil goes up, gas goes up right, uh — right with it, right alongside it. But when those oil prices start coming back down to normal, the same thing does not seem to be happening with gas prices. We gotta look at that and we gotta address it.

BUCK: I think he’s really ignorant. I honestly think he doesn’t understand how these things work. It’s amazing he was a management consultant, Clay.

CLAY: Yeah. Look. This is, I think, kind of important. Gas stations don’t make very much money on gas, right? They might make 10 cents a gallon or so. Most of the money that gas stations make is off of their convenience store. That’s why they want you to come inside and buy coffee or buy a newspaper or buy a treat. That’s where they make their profit margin. So this idea…

First of all, let’s not underrate what’s going on here. Mayor Pete is now lecturing oil and gas companies for not producing enough oil and gas, while the Biden administration’s entire game plan upon taking office was, “We have to limit the amount of oil and gas that we are creating, because it creates challenges for the climate.” Make no mistake about what he’s doing. (laughs) Just like Colin Kaepernick, he’s having both sides of the equation here. The hypocrisy is staggering that he thinks he’s gonna get away with this and most of the media allow him to.