Every once and a while we get a reminder of how gas panic can really shake-up our economy.
Does anybody remember the 1970's gas shortages? People waited in LOOoooong lines to get gas. Some gas stands tried to ration gas by selling only to cars with odd or even licence plates (depending on the day) or other crazy ideas.
Gas went from $0.30something per gallon to $0.70 something per gallon nearly overnight. The USA economy experienced "stagflation" (inflation without corresponding economic growth). What a mess that was.
The 24 hour gas stand was a forgotten dream.
Suddenly, it was cool to conserve energy. Bicycling was cool and went through the biggest boom in USA history.