

There’s been so much inflation that $3/gallon would be really cheap, even for gasoline in the US, by the standards of the last 20 years or so. A very arbitrary number to get stuck on.
US Average Gasoline Price Adjusted for Inflation
$4/gallon just isn’t that high, not much out of line with the last ~15 years.
I think higher fuel prices could be the impetus for quite a lot of alternative energy, alternative transport, and electrification investment. I think if you believe that free markets work, you’d really have to agree.
They say the empty can rattles the most.
We, the American people, elected the empty can. How can we look ourselves in the mirror ever again, unless we make ourselves just as empty?