Not quite, but almost close enough. You'd have to create a plane which can take off and land vertically. This can probably be accomplished with a tilt-rotor design, where some performance tradeoffs will have to be made.

Whoever is capable of creating a cheap general-aviation VTOL aircraft will be rich. Technology development in aviation moves at a glacial pace, but only because everyone is afraid to be sued or crash. The "crash" risk can largely be mitigated with emergency parachutes, whereas the "sue" risk is a question of politics. Not technology.

One final note - the MPG rating for aircraft only accounts for about half the running cost of operating an airplane. Engine maintenance is horrendously expensive, and all too necessary given that small planes only have one of them.