The LA Times has a good editorial with informative links about the silver lining to high gas prices.
1. Demand wanes, which drops prices.
2. Makes U.S. manufacturers think twice about using cheap foreign labor and then shipping products here.
3. Decline in greenhouse-gas emissions.
4. Increased purchase of locally grown produce.
Of course, if Americans react to lower prices by returning to gluttonous ways, the price will rise.