I’m sure you’re at least partially right. Nobody “needs” a vacation home.
Interestingly, one of the reasons people are pissing and moaning so much about the price is that supply hasn’t been interrupted.
I worked three months in Gulfport after Katrina and was forced to stay in Mobile, commuting each day.
For the first month, gas was hard to get. At that point I couldn’t have cared less about the price. Only availability was important, since I really needed the gas.
Of course it helped that somebody else was reimbursing me for the gas.
Great point,it may well take a supply interruption to drive home what is going on in energy.