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 1CommentaryWe had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share 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 ArticlesMake Homes Affordable AgainJan 16, 2026Four Investment Themes for 2026Jan 06, 2026Expect the Precious Metals Rally to Continue in 2026Dec 30, 2025Labor Market Sends Mixed SignalsDec 21, 2025Related TopicsOPECinflationoil pricesU.S. economy