Actually the opposite is true.
It makes up a very small fraction of the cost of goods so has a negligible effect, and high fuel prices keep people off the roads, so people who drive for a living or deliver goods save time (which costs more than fuel) because theres far less traffic jams and gridlock.
High fuel prices will keep some people off the roads, but a lot of people drive because they need to, to work for example.
Considering we have high fuel prices I’m surprised, using your logic, that we have so many people on the roads and goods are so expensive.
An accellerating artic will use one gallon of fuel a minute.
I think you may have over-estimated the value of time. 😉