This is one of many early Springsteen songs featuring cars - in this case a Chevy. Some others were "Thunder Road
," "Backstreets," and "Pink Cadillac."
Bruce explained to Rolling Stone
in 2010: "When you pick a song title like 'Racing In The Street,' that's a hard song to write. But that was sort of the local culture of Asbury in the '70s, which was still deeply enmeshed in car culture. If you went to the Stone Pony, it was a constant circle of souped-up muscle cars on Saturday and Sunday. Once again, I sort of stood outside of it, I was hitchhiking, I didn't have a car! But I wanted one real bad."