The attached photo displays the chief reason for inflation. The value of petroleum is based on perception. Reduced numbers of oil leases indicates less predictable production,hence, a dearth of supply. Energy prices affect prices of all goods since goods have to be transported.
Biden and his green dealers had contempt for energy producers which includes mining of coal. Trump will restore energy exploration and production. Liberal economists are famous for being wrong. Once future energy outlook is enhanced, market prices will naturally decline.
