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 ArticlesLabor Market Sends Mixed SignalsDec 21, 2025America’s Health Care System Is Terminally IllDec 01, 2025Inflation Gnaws at America’s WealthOct 27, 2025The Robots Will Take the Ostriches FirstAug 08, 2025Related TopicsOPECinflationoil pricesU.S. economy