I'm not sure if the extent of rising gas prices is fully appreciated by most people yet.
I really think $1.50/gallon (never mind $2 or $3 or $4 or God forbid $5) is going to make even well-to-do people seriously think twice about making certain long trips. For most people, higher gas prices means less money that can be spent on other things.
On the flip side, this could be good news for locals turned off by summer traffic congestion and crowds (you guys over the Bridge on the Cape) - but I would add that there will be a palpable negative economic impact as a result of fewer visitors.
This is bad, unstably high energy prices could really push us into a recession.
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