Actually, when you adjust for inflation, gas has been $3.00 and higher in the past 100 years, mostly during WWI and after WWII. However, they didn't stay that way for too long and there weren't as many people driving and dealing with a shortage like we appear to be now.
But $4 is quite a lot...however, when one thinks about how bottled water is $1 for about a 20oz bottle, and they figure out how many 20oz bottles make up a gallon, well, we're paying more for bottled water.
Moral: Drink less bottled water and save money for gas

Or get a Vespa.