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Here in the DC area we have pretty good public transportation and getting around by bike is getting better but there are quite a few suburban areas from which residents' only choice is to drive. One shudders to think what effect these soaring prices are having on folks living in regions (in the south, in particular) where there is little or no public transportation. I drive a mini suv with decent gas mileage but lately I've been logging more miles (ok, blocks... ;-) ) on my bike. So even though there are some benefits to the price spike, I fear many people may not have the luxury of appreciating the virtue of a cardio workout (the disabled and the elderly on fixed incomes, for example). ;-(
There will be entire rural areas that will shut down due to this crisis. I'm living in a rural area now and the help wanted signs are starting to appear as people quit their jobs in favor of fishing and hunting.