This needs to be repeated ad infinitum:

[crickets]

8. Remind your coworker that Biden does not set those prices.

Link to tweet

Progressive Pro Investor (they do exist)
@SaneYossarian
Oil companies are admitting on earnings calls that they're intentionally keeping supply low to keep prices high. Refusing to drill & produce more oil to inflate prices. How is this not gouging? And why do we give them $25 billion in subsidies per year?
https://theguardian.com/business/2022/apr/27/inflation-corporate-america-increased-prices-profits
12:16 PM · May 22, 2022

From the Guardian article:

In earnings calls, executives detailed how even as demand and profits rose post-vaccine, they passed on most or all inflationary costs to customers via price increases, and some took the opportunity to add more on top. Margins – the share of sales converted into profits – also improved for the majority of the companies analyzed by the Guardian.

Economists who reviewed the data say it’s more evidence of a clear reality: Consumers are taking a financial hit as companies and shareholders profit or are largely shielded.