The newsman asked, “What happens if gas goes upto 8 or 10 dollars a gallon?”
The man replied, “I guess I park my car walk or take the bus or train. “
That would seem to be the answer for most of us. To be sure, that is certainly the desire of the FOCs. They have said as much.
On the hand, you know the FOCs won’t park theirs. I would suspect they won’t park their planes or yachts either. They are privileged by power and wealth.
So, how will you feel when they ride while we walk?
As usual, here is my side note. Good luck selling your car while everyone else is selling theirs.
2nd note. When people park their cars, less cars will be built. That is bad news for those that build cars.
bfrhodes99 
Basic cause and effect at work really. The damage is done not when people readjust their expenditure, but while they are trying to keep life going along as it had before as it fuels inflation.