For the record, I am not a Saudi oil baron, nor do I have all my retirement money invested in Exxon. I am just a person who wants a better driving and living environment.
First, hearing our $4.00/gal gas prices called a "gas crisis" is almost laughable. Yes, it is unfortunate that our gas price increase has happened quite suddenly and has come at a time where the US economy is not the greatest, but come on...the US still paying far less for gas than just about every country in Europe. A quick Google search will show that.
Now, let's look at the result of "high" gas prices in the US:
People will start to buy smaller and more fuel efficient vehicles, and will drive less. That means...
1) We will consume less gas and produce less emissions
2) There will be less vehicles on the road at any given time
3) The automotive companies won't need some stupid mandate by the government (can you say CAFE?) to make more fuel efficient vehicles because their customers will just demand it
4) There will be less giant SUV's on the road just waiting to run me over in my MINI
That all sounds pretty good to me.
If in a couple years gas prices can go lower, we should keep them artificially high by adding more state taxes. Then use that extra tax money to fix the third world roads we have here in Michigan.