Partly, but it doesn't explain people's obsession with large, heavy, low MPG vehicles and the entitlement people have when it comes to fueling these cheaply.
The chicken-egg explanation is a normal consequence of not having anticipated the consequences when urban planning for car travel got going in the 50s. Unfortunate as it may be, but it's catch-22 that can be broken out of.
The unwillingness to break out of it, is because of the fetishization of car technology. This is a completely pathetic for adults to do, and is this toddler-mindset which is the biggest impediment to meaningful change today.