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 ArticlesGold Investors: Remember 1933Feb 02, 2026Make Homes Affordable AgainJan 16, 2026Four Investment Themes for 2026Jan 06, 2026Expect the Precious Metals Rally to Continue in 2026Dec 30, 2025Related TopicsOPECinflationoil pricesU.S. economy