[timbit42]

It would be a factor but larger factors would be supply and demand issues due to COVID and sanctions on Russian oil due to the war in Ukraine. Without Russian oil on the global market, supply is down, causing high fuel prices. These high fuel prices not only affect the cost to fill your vehicle, but increase the cost of transporting every good and even some services. High transportation costs increases the cost of everything you buy that wasn't locally produced.

[theteapot]

"larger" is just more unsupported speculation. We know energy prices flow through the entire economy and energy is expensive right now. We also know The US and other advanced economies printed a huge amount of money in 2020 and money supply is correlated with inflation [1][1].

[1]: https://www.longtermtrends.net/m2-money-supply-vs-inflation/