On average, Americans like suburbs. They like driving. They like space, a yard, a DIY workshop, and sunlight. They don't like cities. "haha go live in a city and bike to work" is not a fair response to high gas prices and inflation. It's not how people want to live.
We've got a better chance of the USA banning oil exports to lower crude prices, or enacting substantial EV subsidies to get people off gas before we can convince the suburbanite with a 5bd house + quarter acre lot in a good school district that they should move to an urban 2 bedroom apartment instead. Even if we can, I guarantee you that the apartment won't be considered an upgrade.