Everybody is bitching about gas prices, but WTI crude is down $13 per barrel from $123 in 9 days. At that rate of decay, oil could be at $90 by mid July. Target and Wal-Mart are marking down or liquidating inventory nobody wants. The Fed will pivot and almost no one sees it coming.
At this rate they will be giving it away in the fall. Oil is the only inflation. The dollar is not weak against the YUAN, YEN, EURO, gold, bitcoin or anything else other than the American worker and a gallon of gas. If your product requires either of those two things to make it and bring it to market then it cost more. But otherwise inflation does not exist anywhere else. The dollar is very strong. In fact stronger than in many years. The printing of dollars has not caused inflation.
One thing you might do is let drillers drill and pipes pump. Then half the inflation goes away.
Things are weird right now. I actually pulled the trigger yesterday to get my 250 gallon “job site” gas tank filled, even knowing the price might go down. The reason is that there may be a real risk that we end up with gas lines again. So I’m willing to take the $250 risk to ensure that we have plenty of gas to get to where we go around where we live. And 250 gallons would last us months, or longer, even if that’s the only gas we can get our hands on.