The Golden State is taking a new look at “black gold,” amid projections that oil and gas prices are about to spike.
For decades, California has set stricter vehicle emissions standards than the rest of the country, and aimed to phase out sales of gas vehicles entirely by 2035.
But plans to convert California cars to electric have stalled, and Congress revoked the state’s waivers that allowed the transition to electric vehicles. So the demand for gasoline hasn’t slowed as much as state leaders hoped…