We are having a slightly different experience in UK. If we were of a mind to be politically provocative, we might say we are somewhat "Further down the road", having been flung there, relative to the US, by the Nordstream 2 being cut off, by... guess who.

So as your gas prices have been coming down, ours have been going up.

Anyhow, my main reason for commenting, is to ask if the story below affects your view at all:

https://eric-bott.medium.com/filling-the-current-uk-economy-50-billion-black-hole-with-light-34f9de4df245

Also this follow up:

https://eric-bott.medium.com/an-algorithm-for-the-control-of-inflation-by-issue-of-kardashev-money-daadc59f9b33