Given todays prices and the rate of inflation, todays gas prices are no where near as high as they were in the 70's oil crisis.
Markets are down worldwide, which means prices fall on "luxury" or pleasure items, which our cars are considered, even though some use them on a daily basis, its still a used car market...heck new car sales are down too due to the market and gas prices. Just like the dot coms, real estate, and everything else that has sky rocketed in price once upon a time, the bubble will burst...otherwise everyone would be flocking to invest in oil futures and be gauranteed millionaires.