The problem now is the trillions spent ( created out of thin air ) over the last two years. The crazy inflaton we have now is a result of "too many dollars chasing too few goods". The cost of fuel is only marginally pushing up inflation.
Not to defend Biden, but the real truth is that loose fiscal policy for more than 100 years is fueling this inflation.
Since the institution of the Federal Reserve and the abolition of the Gold Standard inflation has been building.
Only the productivity of the American people has been keeping it at bey.
We can only pray that we don’t go the way of Venezuela.
The Biden’s of course really don’t care one way or the other.