As long as governments keep on printing more and more money, prices will keep on going up as well. This is not just for fuel, but for everything else. Sure there is a big competition in some prices and that is why prices do not spike too much in small stuff, you may buy milk or bread or egg for similar prices but other stuff, big price stuff keep on going up way too much. Look at house prices, look at car prices, look at education prices, look at healthcare prices. These are all expensive stuff that got even worse. This is why I believe that we should not be focusing on just small items to determine inflation, it doesn't give the full picture.
This is something that most of us ignore. At least a part of the price rise related to the crude oil resulted from the massive increase in M1 monetary supply during 2020-21. Look at most of the other commodities, like wheat and coal. You can find a corresponding increase from them as well. And as far as I know, there is no significant change to the crude oil demand/supply pattern during the last 3-4 years. So the increase in prices has to come from somewhere else. And this is going to get worse in the near future.