True. It is important to keep in mind that wherever the government took the tax off of at the gas pump the prices stayed the same. Gasoline prices are elastic on the upside and relatively inelastic on the downside. Elasticity on the downside is even difficult to address with increases in crude supplies because those increases have to happen at such a large volume globally that it takes extremely large production increases to actually affect the price at the pump. The current prices of gas prices are not perfectly directly related to supply, a huge amount of the price increases come from instabilities in the supply chains based on two primary movers: * Countries like America have offshored all critical industrial and other production in an effort to globalize the supply chain that supply chains are no longer behind our military protection but instead extremely fragile and under direct threat by an infinite amount of external forces. This is new only in the last 40 years and it will take time to fix that. * Built in pricing speculation based on the expectation that inflationary pressures, including increase of the interest rates by central banks, is going to put additional strains on the supply chains. The way to resolve inflation issues is to power through this is to decouple from the global markets almost fully and bring our economies back behind our military lines.