If demand for block-space is inelastic (insensitive to price) even a small (25%) increase in demand can cause 7000x in price.
Longterm we either need to hope for elastic demand or develop other strategies to protect apps and user from fee explosions.

Spot on analysis. We must focus on scalable solutions like Layer 2 technologies, efficient consensus mechanisms, and off-chain transactions to manage surges in demand. Diversifying transaction methods can alleviate pressure and ensure affordability for all users. Adaptability is key.