I wish everyone would listen to guys like Long Mike, tyrius, and rootbeer. Seriously... stop talking about things you don't have a clue about and just listen.
And even if gas prices were $350 a gal and the oil companies were making a 99% profit margin. THAT'S CAPITALISM. If you don't want it, you don't HAVE to buy it. (Better yet, stop complaining and come up with something better, or just go pump the oil out of the ground yourself.) Gasoline is NOT a necessity (this even holds true for trucking companies, airlines, etc). I drive a gas guzzling Chevy. I'm a poor college student and home is 200 mi away. If I don't have the money to buy a tank of gas, I don't drive home. Simple as that.
Tip: Buy a nice bicycle. I paid $600 (read 6 tanks of gas) for a Specialized. It's saved me money, and it's healthy too.