All costs will go up on everything requiring transportation (bananas!) bus transit, home heating, etc. The sorta good news is that this might start people really thinking about alternative transportation, or that living in the subs two hours from work doesn't make that much sense. Or that owning an Escalade or and Denali just for drives from home to the mall is just plain nuts...On the other hand, some places (like here) Mass transportation infrastructure sucks and it is too cold to walk more than 2 miles in the winter (I used to walk at my previous job) and winter biking, (because of the cold and wind and snow and ice ruts is impractical for most. So cars are a necessity.
I'm thinking about putting together a coal-fired engine, 'cause they sure are taking their time with more efficient hydrogen and fuel cells. Electricity doesn't work all that well in -40.