What if the economic change is transient? There are only two regular restaurants in town. The impact is larger than just the owner.
The town itself might very well not be viable anymore. I’ve seen this happen in my own neck of the woods. It’s sad, but the death of small towns like this is just a reality of the economic policy we’ve chosen to pursue here.
So their original business model assumed gas would be around 1.40/gal (1.90 inflation adjusted).
When do you think gas will fall that low again?
Dev 2008, Feb 2016, spring 2020 were all times with retracements back near the 2001 levels (adjusted for currency devaluation/inflation).
I expect we’ll see them again in my lifetime, but you can’t reliably predict exactly when. (If you could, you could retire quite quickly via commodity speculation.)
Now who is "we" in this scenario?