Gas prices reached a nationwide average of $4.48 per gallon on Monday, marking a new high after the cost of diesel set its own record on Sunday at $5.56 a gallon, according to AAA’s gas tracker.

Soaring gas prices will soon translate into even higher prices across the economy as transportation and manufacturing become more expensive in a new era of inflation. Last week, numbers from the Department of Labor showed inflation running at its fastest pace in more than 40 years with an 8.3 percent price increase last month. In California, residents are paying the highest prices in the country at an average of $5.98 per gallon, and more than $7 near Yosemite National Park.

The climbing costs reflect the policy consequences of the Biden administration, which enthusiastically forfeited energy independence within 15 months of his inauguration in the name of climate change being an immediate threat. Last week, the president continued to antagonize the oil and gas industry with the cancellation of more energy projects across the country even as consumers face real-dollar gas prices not seen in nearly 15 years.