[PedroBatista]

Just like the high inflation caused by the war in Ukraine, not the trillions of moneys printed over a decade.

[quickthrower2]

The printed money is funnelled to assets “not inflation”, the war affects bread and butter (literally) “inflation”.

[hnuser847]

The 12-month inflation rate was already 8% prior to the invasion in Ukraine. Gas prices nearly doubled between March 2020 and February 2022. Blaming inflation on the war in Ukraine only makes sense if you ignore the previous two years.

[sangnoir]

> Gas prices nearly doubled between March 2020 and February 2022.

The months you selected are pretty much peak lockdown vs peak recovery, and are a reflection of demand for gas, not an oracle of some deep economic truth. Franky, I'm surprised the gas price difference is so small, considering the US economy shut down in March of 2020.

[hnuser847]

You're telling me the demand for gas went up during the time period when people were mandated to stay home? That doesn't make any sense.

[sangnoir]

No, I am not.

Demand (and prices) went down in March 2020, but had significantly risen in line with increased economic activity by February 2022.

Consequently, it shouldn't be surprising that there was a large price increase over the period bookended by those months.

[quickthrower2]

I am not in the US, but I was very much at home in March 2020, homeschooling kids, and very much out and about in Feb 2022, taking them to birthday parties. I am in the "lockdown king" country of Australia, maybe only second to New Zealand in the zealousness of lockdowns.

[PedroBatista]

I mean.. at a loss for words..

Agree to disagree I guess.

[quickthrower2]

Read my “ as fingers in the air…