The price of energy is baked into everything we buy. The great recession in the 2007/2008 was not set off buy the housing/mortgage fiasco rather high energy costs eventually exposed this weakness.
The cost of chasing pins or the cost of your daily commute is the least important result of higher gas prices. It will start at the grocery store and everything else that needs to be shipped anywhere (most everything?) then escalate from there. The real problem is that we have no room for any inflationary pressures right now, we are already at a breaking point.
I'm an optimistic person -- but increased energy prices almost always leads to a recession and the worst kind, recession with increasing inflation.