Inflation here? gas/grocery prices just continue to climb

Internationally the treaty to cut production that help drive up oil prices that went into effect in 4/2020 is set to expire next month. No OPEC+ country is breaking that agreement, instead waiting until it expires as they are happily cashing these checks.

As far as US production, I can see here in California driving around that rigs are back in steadily increasing numbers, but as my neighbor says, production can only ramp up so quick. The two key players are Mexico and Saudi Arabia which can increase production quickly but at this point are not.

Also, like everything refinery maintenance and production have taken hits with Covid and extreme weather. Cold in Texas, heat in the west, hurricanes and rain in the south.