ViewpointsOpinionInflation Accelerates on Higher Oil Prices From Flawed PoliciesU.S. retail gas prices surged 18.5% since December 2022, driven by rising oil prices, signaling a worrisome acceleration in inflation.SavePrintA gasoline pump at an Exxon gas station in Washington on March 13, 2022. Stefani Reynolds/AFP via Getty ImagesMichael Wilkerson9/13/2023|Updated: 9/14/20230:00X 1CommentaryShare this articleLeave a commentMichael WilkersonAuthorMichael Wilkerson is a strategic adviser, investor, and author. He's the founder of Stormwall Advisors and Stormwall.com. His latest book is “Why America Matters: The Case for a New Exceptionalism” (2022).Author’s Selected ArticlesHow the First Generation of English Settlers Shaped the Future of a NationJun 12, 2025Moody’s Inconvenient ReminderMay 19, 2025The Day After Liberation DayApr 08, 2025What Oil Prices Reveal About the EconomyMar 19, 2025Related TopicsOPECinflationoil pricesU.S. economy