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Only if you want there to be supply. If you let the free market take care of itself, oil prices would go up, people would consume less, and other prices would (somewhat) stay the same. Unless gas prices went too high, in which case, out the window with that as well.
But if what you say is true, then inflation should just be able to pick up the tail end of things. But gas prices are still going up. Inflation is a tax, plain and simple. It is also a very deceitful tax. A tax that cannot be seen by the majority populous is both very effective and very unfair. If everyone knew that the Fed can create money for the government out of thin air, and that the government relies very heavily upon this practice, it would create a revolution.
Let's just look at GM. Too much borrowing, too much spending, bad management, etc, got them bailed out. And now, governmental intervention on the part of Obama and the Chevy Volt (which by the way is a complete joke), and other things which I haven't researched very well, are causing GM to go under again. Ultimately this is the government's fault, as they are the biggest shareholder of GM. And honestly, who buys chevy? They only last for 150k miles and are junk! GMC gas guzzlers are much better. The Cadillac line is also very lovely and immortal (hopefully). But off track.
How about the postal service? The government raided it too much and now they have too cut back "because they aren't making enough money." When what is actually true is that they took too much money from the USPS for it to function.
Time after time, inflation fails to serve our best interests and our habit of borrowing and not paying back, combined with other factors including excessive laziness/welfare, corrupted corporate politics and economic strife, will ultimately result in the demise of our nation.
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