However, we are in an unusual situation. The inflation expectations are messing up with the yield curve. Meaning, the current inflation is very high (hence a higher short-term rate) and the future expectation for inflation is low (hence the long-end of the interest rate curve is low).
A couple/three weeks ago I paid $3.99/gal for gas. A few days ago I filled up for $3.65/gal.
Sucks for those people in California paying $5.00/gal.