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Higher gas prices do keep other prices lower than they would be in an inflation. Some other prices rise in tandem with gas prices i.e. those commodities that depend on gas to be delivered. The result is that some things disappear from the market even if their prices don't rise because their is no money to pay for them after the petroleum is paid for. The rise in gas prices does not change the amount of money in the market, they just suck up more of it leaving less for other things. Inflation cannot truthfully be blamed on anything other than the creation of excess money.

There was essentially NO inflation from when the Civil War paper money inflation was snuffed by return to gold until FDR took the country off the gold standard domestically. There can be inflation on a gold standard as there was in the sixteenth and seventeenth centuries when the world stock of gold increased relatively quickly due to the Spanish looting of South America and Mexico but that did not become permanent because the looting of the Aztec and Inca treasury ran out of supply. Without gold 1 to 1 backing, money is infinitely inflatable at political whim. Inflation also occurs to some extent in the "private" market when banks are allowed to operate on fractional reserves, which is itself the creation of money, the rate of which is manipulated by the politicians.

A stable gold backed money allows a steady economic improvement that is not so flashy as can seem to occur with inflation and fractional reserve banking but it is much more sustainable and draws in real foreign investment and discourages foreign and domestic vaporous speculation

Its good for Trump. Biden will not be able to sustain during the next year as recession takes hold and gas prices are the centerpiece of negative consumer sentiment. Engineering and implementing crisis is a tricky business. These hacks need strife but when they push the issue to far...it turns against them.